Corporate risk solutions division aims to enter the top three in the market
Aviva’s corporate risk solutions team has won a string of accounts since it started trading in January.
Team head Paul Sullivan revealed the division’s recent wins included the Streetcar and Marie Curie accounts.
Earlier this year, Insurance Times reported Aviva’s first major corporate risks win after it picked up the Comet fleet account.
The new division targets businesses with a turnover of at least £100m – typically FTSE-350 firms – and aims to collect annual premiums of more than £100,000.
It is hoping to become a top three insurer in the corporate risks market and recently launched a new trading floor in London.
Sullivan, account management and business development head Owen Thomas and national and European property owners’ team leader Ann Kelly are leading the corporate risks division until a new managing director is appointed.
They will continue to report to Aviva’s chief underwriting officer Axel Schmidt.
Aviva is still recruiting for a managing director, a post it expected to fill in this first quarter, although Sullivan said it could remain vacant until later this year. He said the team would include up to 35 staff by the end on 2010.
Meanwhile, AXA is the latest insurer to outline plans to attack the mid-corporate sector with a team of 40 staff to tackle “more complex risks”.