AXA UK has appointed Philippe Rivet as the new CEO of its insurance business. Mr Rivet will report to Nicolas Moreau, group CEO of the company.

Mr Rivet will remain on the board of AXA UK, the holding company of AXA group’s insurance operations in Great Britain and Ireland, as an executive director.

Mr Rivet has been group finance director of AXA UK for the last five years where he has been responsible for finance, strategy, financial risk and asset management. He replaces Peter Hubbard who is leaving the business to pursue other interests.

Ian Robinson, currently group business risk director and executive member of the AXA UK board, has taken responsibility for the finance function becoming group finance and risk director. He joined AXA in 2007 from HSBC’s insurance group where he was COO having had global responsibility for finance, operations and risk.

Mr Moreau said: Philippe will bring to this business his exemplary track record of building the right partnerships as well as his ability to run complex operations and will continue to drive forward our growth strategy.

Philippe is leaving the finance function in good shape and I am very confident that Ian will lead successfully his new area.