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Analyst tips Briggs to replace Wilson as new Aviva chief exec

Former Friends Life boss Andy Briggs has been named as one of the contenders for the new Aviva top job by an analyst.

Analyst tips Briggs to replace Wilson as new Aviva chief exec

Stepping into the hot seat at insurance giant Aviva to replace departing chief executive Mark Wilson will be no easy task.

The new boss will have to cope with a struggling share price, restoring faith among IFAs after the botched platform launch and Brexit – to name a few jobs for the in-tray.

But according to an analyst the new chief executive, expected to take over in April 2019, could be a familiar name.

Andy Briggs (pictured), Aviva’s UK insurance boss, is being tipped as one of leading riders for the top job by insurance analyst at Panmure Gordon, Barrie Cornes.

‘We believe that there are two strong internal candidates – Briggs and Maurice Tulloch (chief executive of international insurance) both of whom would be very credible. Although we would understand why some shareholders may feel that a fresh face is required,’ the analyst note said.

Briggs, who joined Aviva following its Friends Life acquisition in 2015, has run the UK business since then. Under his tenure Aviva has made a return to financial advice, with it building a team of 100 advisers and bought its own robo-adviser with Wealthify.

However Briggs had to take some of the flak this year for the calamitous FNZ platform launch, with the tech problems promoting him to apologise to IFAs in February.

A spokesman for Aviva said the insurer will be looking internally and externally for Wilson’s replacement with the search already underway.

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