ABI changes: Thoresen’s drive

Melanie Tringham

The news that the ABI is undergoing quite a radical change caught most people by surprise.

The scale of the changes - confirmed by the ABI as being three senior departures among others - follows the exit of Nick Kirwan last year.

Perhaps most shocking of all was Maggie Craig, director of conduct regulation is leaving. She has held the fort for the ABI as interim director general and has been well regarded in the industry.

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Financial advisers will also recognise the name Steven Gay, who ran Aifa for just over a year, arriving from Aviva, and who has been the ABI’s director of life, savings and pensions since early last year.

The third to go is Nick Starling, director of general insurance. Others further down the food chain are also leaving.

The move is part of Otto Thoresen’s desire to streamline the trade association, and coming from a high profile corporate job, he clearly sees the need to make the ABI focused, and able to respond to a rapidly changing insurance environment.

The ABI has steered a steady course since Mr Thoresen’s arrival, but the latest move gives the impression that Mr Thoresen is clear about pushing through his vision of the trade association for the years to come.