Direct Line Insurance Group PLC (LSE:DLG) has confirmed that Aviva PLC (LSE:AV.) executive Adam Winslow will become its new chief executive officer.
Winslow is expected to take up the role in the first quarter of 2024, succeeding Jon Greenwood who has been acting CEO since January 2023.
Since May 2021, Winslow has led Aviva's UK and Ireland general insurance business and prior to that was CEO of Global Life at AIG Life and Retirement.
Greenwood will leave the business once the transition is completed.
Danuta Gray, chair, said: “Adam has deep expertise in the UK general insurance market and significant leadership experience, spanning two decades across personal and commercial lines insurance.”
Winslow will receive an annual salary of £820,000 for his toils, a pension allowance of 9% of salary plus bonuses.