Andrew Moss to Leave Lloyd’s for Aviva

January 30, 2004

Aviva Plc appears to have successfully headhunted Andrew Moss, currently the top financial officer at Lloyd’s. The U.K.’s largest insurer announced yesterday that Moss, 45, is expected to join Aviva as its new Finance Director within the next few months.

Details are still being worked out concerning his departure from Lloyd’s, where he also served as the head of risk management operations. Lloyd’s CEO Nick Prettejohn told Reuters that Moss would be sorely missed. “I have valued his support and will be sorry to see him go. But it is testimony to his skills that he is moving to such an exciting and challenging position,” Prettejohn said in a statement.

According to Reuters report Lloyd’s has not yet considered who will replace Moss, who’s been its CFO for the last three years, playing a key role in the move to the franchise system and to yearly accounting – changes that have profoundly altered how Lloyd’s operates

Analysts generally reacted favorably to the news, indicating that Moss’ experience in P/C concerns would complement those of Richard Harvey, Aviva’s CEO, whose main focus has been life insurance.

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