Axa S.A. names Rivet as CEO of insurance operations in U.K.Philippe Maso y Guell Rivet has been named chief executive of Axa S.A.'s insurance operations in the United Kingdom. Rivet, who had been group finance director of Axa U.K. for the past five years, will head the unit's Axa Insurance operations, including personal and commercial insurance, corporate partners and online insurer Swiftcover. He also will be accountable for the U.K. independent broking Bro´king a. 1. Of or pertaining to a broker or brokers, or to brokerage. Redeem from broking pawn the blemished crown. - Shak. distribution business. [ILLUSTRATION OMITTED] Rivet will remain on the board as an executive director of Axa U.K., the holding company for Axa's insurance operations in Great Britain and Ireland Great Britain and Ireland are the two largest islands in the British Isles. A former state, the United Kingdom of Great Britain and Ireland, was composed of the political union of the two. . Rivet replaces Peter Hubbard, who is leaving to pursue other interests, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Axa. Hubbard was appointed CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Axa Insurance in 2001. While finance director of Axa U.K., Rivet "transformed the finance function from diverse units into a unified group function," Axa said in a statement. He also focused the group on core businesses by helping to dispose of To determine the fate of; to exercise the power of control over; to fix the condition, application, employment, etc. of; to direct or assign for a use. See also: Dispose operations such as Axa's direct insurance business in 2004, and concentrating on expansion through acquisitions into direct distribution. Rivet joined Axa in 1995. He had previously headed group corporate finance and risk management for Axa in Paris. |
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