Reinsurance News
ABI
ABI provides update on ongoing efforts to establish fire safety reinsurance facility
19th December 2023
The Association of British Insurers (ABI) has issued an update on its progress in developing a Fire Safety Reinsurance Facility aimed at supporting leaseholders facing financial and emotional strain due to unsafe cladding and fire safety issues in multi-occupancy buildings. The facility, designed by McGill and Partners, seeks to restore market ... Read the full article
ABI welcomes three new members to its Board
11th December 2023
The Association of British Insurers (ABI) has announced the appointment of three new members to its Board, including Amanda Blanc, Group CEO of Aviva, with immediate effect. Alongside Blanc, Clive Bolton, CEO, M&G Life Insurance, and Tara Foley, CEO, Axa UK & Ireland, also join the Board. The ABI Board provides the ... Read the full article
ABIR and ABI forge landmark MoU for global re/insurance collaboration
25th September 2023
The Association of Bermuda Insurers and Reinsurers (ABIR) and the Association of British Insurers (ABI) have announced a landmark Memorandum of Understanding (MoU), solidifying their commitment to collaboration in critical areas of the global insurance and reinsurance industry. This MoU builds upon the already robust working relationship between two of the ... Read the full article
Zurich’s Tim Bailey appointed President of ABI
4th July 2023
The Association of British Insurers (ABI) has announced that Tim Bailey, UK CEO, Zurich, has been appointed as President. At the same time, the ABI has also confirmed that Clare Bousfield, Chief Executive, Retail and Savings, M&G plc, has been named the new Deputy President. Both appointees take up their roles ... Read the full article
ABI names Mervyn Skeet Director of General Insurance Policy
11th April 2023
The Association of British Insurers (ABI) has announced that it has appointed Mervyn Skeet as Director of General Insurance Policy. Skeet joined the firm in November 2017 as Assistant Director, Head of Tax and has been acting as Interim Director of GI Policy since December 2022, following the recent departure of ... Read the full article
UK insurance industry contributed £17.2bn in tax in 2021
16th December 2022
The Association of British Insurers (ABI) has said that the UK’s insurance industry contributed £17.2bn in tax between 2021 and 2022. This, said the association, is a ‘record’ amount, 6.9% higher than in 2019-2020, and makes up 2.1% of the government’s tax receipts. The survey, it wrote, was carried out on ... Read the full article
ABI publishes new Blueprint aimed to improve diversity in insurance
23rd November 2022
The Association of British Insurers (ABI) has published a new Blueprint which sets out a multi-year strategy and plan to improve diversity, equity and inclusion (DEI) across the insurance and long-term savings industry. According to the ABI, the new Blueprint sets out DEI priority areas for the association to lead on ... Read the full article
Lemonade joins the Association of British Insurers following UK launch
2nd November 2022
Digital insurance company Lemonade has joined the ABI as its latest member following the firm's launch in the UK. Lemonade recently launched in the UK with its digital-first and instantaneous approach to contents insurance, entering a long-term, strategic partnership with Aviva. At the time, Daniel Schreiber, Lemonade co-CEO and co-founder, commented, ... Read the full article
Swiss Re’s Jason Richards joins ABI Board
20th September 2022
ABI has announced that Swiss Re’s CEO UK & Ireland, Jason Richards, will be joining the Board, effective immediately. Richards holds almost three decades of insurance and reinsurance industry experience, having joined Swiss Re in 2006 as part of the GE Insurance Solutions acquisition, and becoming Chief Executive Officer UK ... Read the full article
ABI adds two to board of directors
9th December 2021
The Association of British Insurers has announced the appointment of two new board members, Colm Holmes and Clare Bousfield. Holmes, Allianz UK Chief Executive Officer, will replace Jon Dye who stepped down as Allianz CEO on 30th November, having attended his last board meeting in October. Clare Bousfield, Managing Director for Retail ... Read the full article
ABI names three senior leadership appointments
15th November 2021
The Association of British Insurers (ABI) has announced three senior leadership appointments, including Baroness Nicky Morgan as first Independent Chair. Hannah Gurga joins as Director General and Baroness Dianne Hayter as independent Non-Executive Director Morgan, who’s to become the first Independent Chair in a newly defined role, takes over from Jon Dye ... Read the full article
ABI welcomes government’s response to Solvency II
5th July 2021
The Association of British Insurers (ABI) have welcomed the UK Government's confirmation that it will reform Solvency II to enable the insurance sector to meet its ambitions and maximise its contribution to climate change investment. Commenting on the announcement, Charlotte Clark, Director of Regulation, ABI, said: “Solvency II reform will be ... Read the full article
ABI announces changes to Board of Directors
2nd July 2021
The Association of British Insurers (ABI) has announced changes to its Board of Directors to strengthen its focus on improving trust. The association will be recruiting a new independent Chair and an independent non-executive director (NED). The ABI will also create a new Board-level Reputation and Customers Committee in order provide more ... Read the full article
ABI comments on end to trade credit reinsurance scheme
27th May 2021
The UK government and the Association of British Insurers (ABI) have announced that the temporary Trade Credit Reinsurance (TCR) scheme will close at the end of next month as planned. According to the governments website, the scheme has directly benefitted over half a million businesses, providing a safety net to firms ... Read the full article
Huw Evans to leave ABI Director General role for KPMG
19th May 2021
The Association of British Insurers (ABI) has announced that its Director General, Huw Evans, will be leaving the organisation at the end of the year to join KPMG. Effective January 2022, Evans will join KPMG as a Partner within its insurance and long-term savings practice. He has served as Director General of ... Read the full article
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