Aviva plc announces executive shuffle, Canadian CEO become group’s chief risk officer

Aviva plc has announced a series of executive-level shuffles that will see Igal Mayer appointed CEO, North America, and the current CEO of Canada, Robin Spencer, promoted to chief risk officer (CRO) for the organization.

Both appointments are effective Jan. 1, 2010.

In his new role, Spencer he will become a member of the executive committee and report to Andrew Moss, Aviva group chief executive.

Currently the group’s CRO reports to the chief financial officer (CFO). “The changes are about creating a risk function that is fit for the future, embraces best practice and provides a solid foundation for the transition to Solvency II,” information from the company says.

The company will begin its search immediately for Spencer’s replacement as CEO of Canada.

Mayer currently serves as CEO of UK General Insurance. Prior to that, he was the CEO of Aviva’s Canadian business from 2001 to 2007.

Mayer will succeed Tom Godlasky, who is expected to retire in March 2010.

“Igal has a deep knowledge of the global general insurance market and good experience of managing country-wide distribution relationships,” said Moss. “The North American region represents a significant growth opportunity for Aviva over the long-term and Igal’s vision and strong leadership will be a great asset as we take the business to the next stage of its development.”

Aviva also announced that it would be bringing its UK life and general insurance business together under a single UK CEO, Mark Hodges.