Aviva plc, the U.K.’s second-biggest insurer by market value, said Chief Financial Officer Pat Regan resigned to take up a similar job at Australia’s QBE Insurance Group Ltd.
Regan, who joined Aviva as CFO in February 2010 and sits on the board, departs in June, the London-based firm said in a statement today. Aviva has already started searching for a replacement.
Aviva is selling assets and cutting costs to help rebuild capital depleted by the financial crisis. CEO Mark Wilson, who marked his one-year anniversary with the insurer this month, has replaced some senior managers and is targeting high-growth markets such as South East Asia.
Regan succeeds Neil Drabsch at QBE, the Sydney-based company said in a statement.
–Editors: Jon Menon, Edward Evans
Was this article valuable?
Here are more articles you may enjoy.
IBM Agrees to Pay Government $17 Million in DEI Settlement 
Wall Street Banks Try Out Anthropic’s Mythos 
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
Toilet Paper Warehouse in California Destroyed by Fire; Employee Arrested 
