Aviva plc has appointed Amanda Blanc as chief executive. She replaces Maurice Tulloch who stepped down from the role due to family health reasons.

Blanc had been serving as a non-executive director and was appointed to the Aviva board in January 2020. She chaired the Customer, Conduct and Reputation Board Committee.

A well-known figure in the market, Blanc has previously held positions including chief executive officer, EMEA and global banking partnerships at Zurich Insurance Group, as well as group chief executive officer, AXA UK, PPP and Ireland.

She has also served as chair of the Association of British Insurers, and president of the Chartered Insurance Institute.

Blanc will receive a basic salary of £1m, a bonus opportunity of up to 200% of her basic salary, and a long-term incentive plan grant, which is typically 300% of basic salary for the group chief executive. She will also receive a pension allowance of 14% of salary.

Commenting on her appointment and her desire to drive change at Aviva, Blanc said: “We will look at all our strategic opportunities, and at pace. I have been on the Aviva board since the start of this year and have a good understanding of where the business has its strengths and what actions we should take across our portfolio.”

George Culmer, chairman of Aviva, said: “I would like to thank Maurice for his valuable contribution over many years with Aviva. The board and I were saddened to hear of the personal reasons behind his desire to step down and we wish him and his family the very best for the future.”

He added: “We are delighted that Amanda will be our new CEO. The board was unanimous in endorsing her appointment. I know she will bring real dynamism to Aviva and re-establish our credentials as a high-performing, innovative and customer-centric business.”

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