ABI appoints new chief executive
- Published: 19/07/2007
The Association of British Insurers has appointed Archie Kane as its new chief executive.
Mr Kane has previously been appointed chief executive of Scottish Widows in 2003 and is a current member of Lloyds TSB group's main board, having joined in 2000. He is group executive director, insurance and investments at Lloyds TSB Group.
Otto Thoresen of AEGON will become chairman of the Life Insurance Committee, while Ian Geden of NFU Mutual continues as chairman of the General Insurance Committee.
"It is a great honour for me to become chairman at this exciting time for the industry," Mr Kane.
"I am particularly keen to work closely with all the new ministers and politicians of all parties to promote a better understanding of the role and value of insurance in the modern world.
"The EU is now introducing its Solvency 2 Directive which heralds a major step forward in the financial regulation of European insurance companies. And we will be looking to the new chief executive of the FSA to continue the momentum behind the regulator's move to principles-based regulation."
Also joining the board are Tim Breedon, group chief executive at Legal and General , Philip Moore, group chief executive at Friends Provident, Andrew Moss, group chief executive at Aviva, Keith Skeoch, chief executive officer at Standard Life and Chris Sullivan, chief executive at RBS Insurance.
Mr Kane has previously been appointed chief executive of Scottish Widows in 2003 and is a current member of Lloyds TSB group's main board, having joined in 2000. He is group executive director, insurance and investments at Lloyds TSB Group.
Otto Thoresen of AEGON will become chairman of the Life Insurance Committee, while Ian Geden of NFU Mutual continues as chairman of the General Insurance Committee.
"It is a great honour for me to become chairman at this exciting time for the industry," Mr Kane.
"I am particularly keen to work closely with all the new ministers and politicians of all parties to promote a better understanding of the role and value of insurance in the modern world.
"The EU is now introducing its Solvency 2 Directive which heralds a major step forward in the financial regulation of European insurance companies. And we will be looking to the new chief executive of the FSA to continue the momentum behind the regulator's move to principles-based regulation."
Also joining the board are Tim Breedon, group chief executive at Legal and General , Philip Moore, group chief executive at Friends Provident, Andrew Moss, group chief executive at Aviva, Keith Skeoch, chief executive officer at Standard Life and Chris Sullivan, chief executive at RBS Insurance.