Insurance Boss Marks One-Year Anniversary at Helm with SE Asia Deal

Chief executive officer of Britain’s second-largest insurer Aviva, New Zealander Mark Wilson, has marked his one-year anniversary at the company targeting high-growth markets in Southeast Asia. This month Aviva formed a joint venture with Indonesia’s PT Astra International.

Astra Aviva Life will provide Aviva products to Astra, Indonesia’s largest publicly traded company, and its subsidiaries including PT Bank Permata, the London-based company said. The deal, subject to regulatory approval, is scheduled to start later this year.

Wilson, 47, former CEO of AIA Group Ltd., said the deal underlined Aviva’s commitment to Asia, which contributed about 3.6 per cent of operating profit in the first half of 2013.

The New Zealander previously headed Hong Kong-based AIA when it was owned by American International Group Inc.

Original article by Sarah Jones.