The ABI Board has unanimously decided to extend the tenure of the Association’s current chairman, Archie Kane, until spring 2010, to enable him to continue to play a leading role in shaping the next stage of the ABI’s response to the financial crisis and help UK financial services pull through the recession.
The Board has been discussing the possibility of extending Mr Kane’s tenure for some time as it would allow him to continue to lead the ABI as it responds to a large number of reviews on the future of financial services regulation and other important issues, including the Chancellor’s Insurance Industry Working Group.
Archie Kane said:
“I am pleased to have been asked by the Board to stay on as ABI chairman and I have accepted their invitation. Circumstances remain challenging for all financial services sectors, and while the insurance industry is in a good position to weather the continuing storm, it is not immune from difficulties. The ABI has a vital role to play in guiding it through these tough times and, with its continuing focus on the consumer, seeing it through to future success.”
