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Aviva consolidates corporate arm

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    • Martin Friel

    • Indicative reading time: 1 minute

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Aviva is to roll its construction and power business into its corporate and speciality risk arm to form a new team – construction, power and engineering (CPE).

As part of the change, the insurer will withdraw its engineering presence in Southend which will affect ten staff.

A spokesman for Aviva said it would seek to redeploy them elsewhere within the business.

Aviva will create “CPE hubs” in Manchester/Leeds, Birmingham and London and will have trading, underwriting and servicing capability.

The insurer said this would enable the new team to underwrite more complex business, combine trading, underwriting and servicing capability within each CPE hub

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