AVIVA CFO LEAVES FOR QBE IN AUSTRALIA

UK insurer Aviva plc has announced that its Chief Financial Officer, Pat Regan, is stepping down to join QBE Insurance Group Ltd. Mr Regan will be joining QBE as the Australian insurer attempts to rebuild investor confidence after posting a profit warning in December after suffering losses in its US business. Mr Regan is moving to Australia to replace Neil Drabsch, QBE’s current CFO, who is retiring later this year. He will join QBE in June 2014 and will be based in Sydney. Prior to joining Aviva, Mr Regan was Group Chief Operating Officer and CFO at broker Willis Group Holdings and Group Financial Controller at insurer Royal & Sun Alliance. Aviva said in a statement that it is now searching for a new CFO. “Aviva is committed to appointing a first class CFO commensurate with the standing of the Group,” it said.