Protection sales buoy Aviva as CEO hunt begins

clock • 1 min read

Aviva has reported a buoyant first quarter in protection, with sales up a fifth on last year.

New policy sales in the three months to the end of March were 20% higher at £300m, Aviva said, up from £250m in the same period last year.

Elsewhere, new pension sales were up 12% to £1,264m, while sales of individual annuities were down marginally at £641m, from £645m last year.

Bulk purchase annuity sales were markedly lower at £21m, from £140m, as the group said it chose not to write business that did not meet its profitability criteria.

Meanwhile, Aviva executive deputy chairman, John McFarlane, said he expects the company's search for a new chief executive to last for the remainder of the year.

Andrew Moss left the company earlier this month following a difficult Aviva AGM, at which shareholders called on the CEO to quit over performance and pay.

"We have begun the process of identifying a new CEO for the group," McFarlane said.

"We expect this will take the remainder of this year, as we need to appoint the best person in the world available to us."

 

More on Insurer

Zurich pays out £392m across individual protection claims in 2025

Zurich pays out £392m across individual protection claims in 2025

97.4% of claims paid

Jaskeet Briah
clock 05 June 2026 • 2 min read
Aviva expands ChatGPT app to life insurance quotes

Aviva expands ChatGPT app to life insurance quotes

Application completed on Aviva’s website

Jaskeet Briah
clock 02 June 2026 • 1 min read
Scottish Widows pays out £219m in 2025

Scottish Widows pays out £219m in 2025

Nearly 11,000 claimants

Cameron Roberts
clock 26 May 2026 • 2 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read