Aviva Announces Leadership Changes: CEO Transition at Aviva Canada and New Role for Current CEO

Aviva Announces Leadership Changes: CEO Transition at Aviva Canada and New Role for Current CEO

(IN BRIEF) Jason, the current CEO of Aviva Canada, will be taking on a new role within the company. He has led Aviva Canada for four years, overseeing substantial growth and becoming a prominent player in the Canadian insurance market. Jason’s experience at Aviva spans nearly 20 years in various capacities, including Chief Distribution Officer. He will continue reporting to Aviva Group CEO Amanda Blanc and will remain a member of Aviva’s Group Executive Committee. Tracy Garrad will succeed Jason as CEO of Aviva Canada. Tracy has a notable career in the financial services, insurance, and healthcare sectors. Her recent roles include being CEO of AXA’s UK Healthcare business and CEO of HSBC’s Channel Islands and Isle of Man business. Tracy will also join Aviva’s Group Executive Committee and report to Amanda Blanc.

(PRESS RELEASE) LONDON, 31-Aug-2023 — /EuropaWire/ — Jason is currently CEO of Aviva Canada, a role he has held for four years, in a period defined by progress for that business, including GWP growth of 34%, and becoming the number two General Insurer in the Canadian market. Jason has almost 20 years of experience with Aviva in a variety of roles. Prior to becoming CEO of Aviva Canada, he most recently served as Chief Distribution Officer, where he oversaw broker distribution, partnerships – including RBC Insurance – as well as Aviva’s direct insurance business and marketing.

In his new role, he will continue to report to Aviva Group CEO Amanda Blanc, and be a member of Aviva’s Group Executive Committee, as he has been since 2020.

Tracy Garrad will succeed Jason as CEO of Aviva Canada and take up her post on 16 October 2023. Tracy has had a distinguished career holding senior roles in the financial services, insurance and healthcare sectors. Most recently she was CEO of AXA’s UK Healthcare business (formerly AXA PPP), and prior to that role she was CEO of HSBC’s Channel Islands and Isle of Man business, following a four year tenure as the CEO of First Direct Bank. Tracy is also a Non-Executive Director of The London Stock Exchange Group plc.

Tracy will report to Aviva Group CEO Amanda Blanc, and become a member of Aviva’s Group Executive Committee on joining the company.

Commenting on the appointments, Amanda Blanc, Group Chief Executive Officer, said:

“I am delighted to make these appointments, both of which strengthen the Executive Management of Aviva.

“In Jason, we have a CEO with a track record in running a high performing General Insurance business, and our Canadian operation has thrived under his stewardship. Having successfully led its turnaround, as most recently evidenced in yet another strong quarter of growth, I am thrilled he has now accepted the role of CEO of our UK & Ireland General Insurance business. I look forward to him applying his considerable talent to taking that business forward.

“Jason is joining a business in great health, with a fantastic leadership team, as well as committed people, and I know that under his leadership it will go from strength to strength.

“We are also looking forward to welcoming the very talented Tracy Garrad to Aviva Canada later this year. Tracy brings a wealth of experience to our business, across multiple sectors, and her expertise will prove invaluable as we continue to grow our Canada franchise, and Aviva more broadly. She is a proven CEO, with the strength of leadership to add huge value to our business across the Atlantic.”

Jason Storah, CEO, UK & Ireland General Insurance, said:

“It’s a huge honour and responsibility to be asked to lead the UK and Ireland General Insurance business. I will miss everyone in Canada, but I know the team and business will continue to go from strength to strength. I’m excited to take on this new role and join a fantastic team that works tirelessly to grow our business and support our customers.”

Tracy Garrad, CEO Designate, Aviva Canada, said:

“I feel very privileged to be joining Aviva at such an exciting time. I look forward to working with Amanda and meeting the team in Canada, and I am relishing the opportunity to join a business so focussed on customers, and shooting for even further growth in this fantastic franchise.”

Adam Winslow, most recently CEO of UK & Ireland General Insurance, will be leaving Aviva to pursue an external opportunity.

*Appointment subject to regulatory approval
** Appointment subject to visa and regulatory approval

Notes to editors:

• We are one of the UK’s leading Insurance, Wealth & Retirement businesses and we operate in the UK, Ireland and Canada. We also have international investments in India, China and Singapore.
•  We help our 18.7 million customers make the most out of life, plan for the future, and have the confidence that if things go wrong we’ll be there to put it right.
• We have been taking care of people for more than 325 years, in line with our purpose of being ‘with you today, for a better tomorrow’. In 2022, we paid £23.2 billion in claims and benefits to our customers.
• Aviva is a market leader in sustainability. In 2021, we announced our ambition to become Net Zero by 2040, the first major insurance company in the world to do so. This plan means Net Zero carbon emissions from our investments by 2040; setting out a clear pathway to get there with a cut of 25% in the carbon intensity of our investments by 2025 and of 60% by 2030; and Net Zero carbon emissions from our own operations and supply chain by 2030.  Find out more about our climate goals at www.aviva.com/climate-goals and our sustainability ambition and action at www.aviva.com/sustainability
• While we are working towards our sustainability ambitions, we acknowledge that we have relationships with businesses and existing assets that may be associated with significant emissions. More information can be found at https://www.aviva.com/sustainability/climate/
• Aviva is a Living Wage and Living Hours employer and provides market-leading benefits for our people, including flexible working, paid carers leave and equal parental leave. Find out more at https://www.aviva.com/about-us/our-people/
• As at 30 June 2023, total Group assets under management at Aviva Group were £358 billion and our estimated Solvency II shareholder capital surplus was £7.8 billion. Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.
• For more details on what we do, our business and how we help our customers, visit www.aviva.com/about-us
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SOURCE: AVIVA