ILC ARTICLE

ABI names new President and Deputy

3rd July 2023

The Association of British Insurers (ABI) has appointed Tim Bailey, UK CEO, Zurich, as new President.

Meanwhile, Clare Bousfield, Chief Executive, Retail and Savings, M&G, has become Deputy President.

Tim, who replaces Barry O’Dwyer, Group CEO, Royal London and will hold the role for the next two years, said, “It’s an honour to take on the role of ABI President. I strongly believe in the role the ABI has to play in driving change to protect and build a thriving society. Working together as an industry, and in partnership with government and regulators, is key and I look forward to supporting members to deliver that over the next two years.”

Clare added, “Having led the ABI’s work on Solvency UK, which is a once in a generation change to our regulatory regime enabling billions of pounds of investment into UK productive assets, I am passionate about driving through how we as an industry deliver the benefits. It’s a privilege to hold the role of ABI Deputy President at this time, and I look forward to working with Tim and the rest of the Board in the months ahead.”