The Association of British Insurers (ABI) has appointed former minister and Treasury select committee leader Baroness Nicky Morgan as its first independent chair.
Her appointment to the new role comes as part of a wider change in the ABI’s structure and two other senior appointments.
Morgan takes over from Jon Dye who is stepping down having served as ABI chair since July 2019.
Hannah Gurga will become the new director general, taking up the post in early 2022.
She joins from UK Finance where she is managing director, digital, technology & cyber and chief of staff.
Gurga has previously worked for the London Stock Exchange Group, ICAP and Treasury alongside other government roles.
She replaces Huw Evans who announced earlier this year that he is stepping down from the role in December to join KPMG as a partner in the new year.
Baroness Dianne Hayter will join as an independent non-executive director and become the senior independent director on the ABI board.
The two new board roles have been introduced as part of reforms announced earlier this year to bring fresh external perspectives.
Both of the board appointments have commenced this month for a period of three years. The roles are focused solely on internal activity and governance.
As previously announced, Barry O’Dwyer, Group CEO, Royal London has taken on the role of ABI president.
Also Cristina Nestares, UK CEO of Admiral Group Plc, is the ABI’s deputy president to provide public-facing leadership.
Baroness Nicky Morgan says: “The insurance and long-term savings industry is one of the UK’s biggest global success stories. There are many challenges and opportunities facing the sector ranging from customer trust to supporting the transition to net zero. The ABI has an excellent reputation and I’m excited to take on this new role as the ABI’s first independent chair at this crucial time.
“I would like to offer my thanks to Jon Dye for his leadership of the sector during a challenging time and for a smooth handover of responsibilities.”
The Association of British Insurers (ABI) has appointed former minister and Treasury select committee leader Baroness Nicky Morgan as its first independent chair.
Her appointment to the new role comes as part of a wider change in the ABI’s structure and two other senior appointments.
Morgan takes over from Jon Dye who is stepping down having served as ABI chair since July 2019.
Hannah Gurga will become the new director general, taking up the post in early 2022.
She joins from UK Finance where she is managing director, digital, technology & cyber and chief of staff.
Gurga has previously worked for the London Stock Exchange Group, ICAP and Treasury alongside other government roles.
She replaces Huw Evans who announced earlier this year that he is stepping down from the role in December to join KPMG as a partner in the new year.
Baroness Dianne Hayter will join as an independent non-executive director and become the senior independent director on the ABI board.
The two new board roles have been introduced as part of reforms announced earlier this year to bring fresh external perspectives.
Both of the board appointments have commenced this month for a period of three years. The roles are focused solely on internal activity and governance.
As previously announced, Barry O’Dwyer, Group CEO, Royal London has taken on the role of ABI president.
Also Cristina Nestares, UK CEO of Admiral Group Plc, is the ABI’s deputy president to provide public-facing leadership.
Baroness Nicky Morgan says: “The insurance and long-term savings industry is one of the UK’s biggest global success stories. There are many challenges and opportunities facing the sector ranging from customer trust to supporting the transition to net zero. The ABI has an excellent reputation and I’m excited to take on this new role as the ABI’s first independent chair at this crucial time.
“I would like to offer my thanks to Jon Dye for his leadership of the sector during a challenging time and for a smooth handover of responsibilities.”
