The Association of British Insurers (ABI) has named Zurich’s UK chief executive, Tim Bailey, as the new president of the industry body.
Bailey will hold the position for the next two years, replacing Barry O'Dwyer, group chief executive at Royal London, who was the first person to hold the role under ABI governance changes introduced in 2021. Additionally, the ABI has appointed Clare Bousfield, chief executive of retail and savings at M&G, as its new deputy president, taking over from Cristina Nestares, CEO of Admiral Group. Previously, Bousfield led the ABI board sub-group on Solvency II, and she will now hold the role of deputy president while the sector to the Solvency UK regulations. Bailey commented: "I strong...
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