The new structure of Aviva Corporate and Specialty Risk division (ACSR) was announced by insurance giant Aviva recently.
The newly restructured ACSR unit will be headed by David Hall and John Tiernan will take over as the chief underwriting officer. Mr. Hall had joined ACSR as managing director in March.
Mr. Tiernan was previously the class underwriter for Mitsui’s property division and is being seen a s a key recruit. He’s expected to underwrite across all line of business in ACSR. Mr. Dipak Warren has been appointed as director of market management while Mr. Mike Dobson will head claims.
“John’s underwriting credentials, wealth of knowledge, leadership skills and strong reputation in the market are a fantastic addition to Aviva’s corporate and specialty team”, said Mr. Hall.
Mark Carver – formerly with Allianz will head PI and Crime division while Nick Martin will head engineering and construction and both belong to Mr. Tiernan’s team.
Ann Kelly from Mr. Warren’s team will head the property investments division Owen Kelly will manage broker management.
The ASCR team is eyeing the specialty lines of business in the corporate risks segment for growth and wants to build on their previous successes such as getting Marie Curie Cancer Care and Comet on board.
“Our ambition for the business is long-term, profitable growth. We will only attach capital to risk exposure that we really understand. That’s why the team that we’re announcing today is so important – together we have the expertise and capability to grow our business in a controlled, sustainable way. This is a clear signal that we are dedicated to this market, open for business and in it for the long-haul”, said Mr. Hall.
ACSR is headquartered in London and has four branches across the UK; Birmingham, Manchester, Leeds and Glasgow.