Aviva has appointed Jim Webber as its new group chief risk officer. He will report to Philip Scott, group finance director.

Mr Webber’s portfolio will include compliance, group business protection, economic capital and enterprise risk management. The appointment of Mr Webber, previously group actuary and economic capital director at Aviva, is subject to regulatory approval.

Mr Webber will retain the economic capital elements of his current role. Aviva said that this internal appointment will ensure strong links between risk management and economic capital.

Mr Webber has been with the company for 16 years and joined Norwich Union as a financial actuary in 1991. Prior to joining Aviva he was an equity partner with Tillinghast – Towers Perrin.

Mr Scott said: A globally consistent, effective and fully embedded approach to risk is essential if we are to continue to grow and deliver the one Aviva, twice the value vision. As our chief risk officer, Jim will drive Aviva’s risk management strategy and Jim and I are committed to building the momentum towards a world class risk function which adds real value to the business.