Mark Wilson: Aviva's New CEO

Insurance veteran Mark Wilson is filling Aviva's vacant CEO spot at the start of 2013

Vincent Lui, CFA 21 November, 2012 | 12:16AM
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Aviva (AV.) has appointed Mark Wilson to its CEO post effective January 1, 2013. Wilson will also be joining the insurance company's board this December. This comes after the company's former chief executive stepped down in May and clears the overhang related to the CEO search.

Wilson is charged with the responsibility of turning Aviva toward higher profitability and returns, which have been lagging as the company is burdened by its heavy exposure to Europe. The company is struggling to find the right balance of product mix and key markets to boost profitability and protect its capital position under the soon-to-be-implemented Solvency II. 

Wilson, an insurance veteran with 25 years of experience, was CEO and president of Hong Kong-based AIA Group (01299) until 2010. A highlight of Wilson's tenure at AIA was the company's high profile IPO in 2010, which raised a record $18 billion and put its US parent AIG (AIG) on course to repay its bailout.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
AIA Group Ltd89.40 HKD-0.33Rating
American International Group Inc60.01 USD1.27Rating
Aviva PLC395.50 GBX0.48Rating
AXA SA23.95 EUR0.88Rating
Blackstone Group Inc137.63 USD3.86Rating
ING Groep NV13.06 EUR-0.14Rating

About Author

Vincent Lui, CFA  Vincent Lui, CFA is an equity analyst for Morningstar, covering life insurance companies.