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Archie Kane to continue as ABI chairman until 2010

The Association of British Insurers’ board has extended the tenure of its current chairman Archie Kane until spring 2010.

The ABI says the unanimous decision was made to enable him to continue working on its response to the financial crisis, the future of financial services regulation and the Chancellor’s Insurance Industry Working Group.

Kane says: “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.”

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