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Zurich Europe chief executive resigns

Zurich Europe chief executive resigns

Amanda Blanc has resigned as chief executive of Zurich for Europe, Middle East and Africa and is stepping down as chairwoman of the Association of British Insurers.

The insurance giant announced yesterday (July 2) that Ms Blanc (pictured), who started the position in October 2018 and is also chief executive of bank distribution at the firm, has tendered her resignation with immediate effect.

As it is long-standing ABI practice that the board chairperson is a serving industry chief executive, the move means Ms Blanc also stepped down as ABI board chairwoman with immediate effect.

Ms Blanc was the first female appointed to chair the ABI board in July 2018, and has since urged for innovation in the industry, saying the trade body needed to continue to push for better outcomes for the industry and customers in the face of Brexit and upcoming regulatory changes.

She has also called out the financial services industry for not progressing women through the ranks when she gave evidence to the Treasury select committee on women in finance.

Ms Blanc told the committee the industry’s problem was not with "alpha-male culture" but with the number of women appointed to leadership positions.

Before her role as chief executive of Zurich, Ms Blanc was chief executive of the Axa UK and Ireland and has previous experience at Towergate Insurance.

In a statement Mario Greco, group chief executive, said: "We appreciate Amanda’s contributions during her time with us, in particular as we drive innovation throughout the business and introduce an enhanced culture of service for our customers. 

"Our business in EMEA is performing well under the strong leadership of our country CEOs."

Huw Evans, director general of the ABI, said: "Amanda has been an excellent ABI chair over the last year; energetic, committed and focused on the issues that matter the most. 

"I hope she will continue to play a prominent role in the leadership of our industry over the years ahead."

Zurich stated Ms Blanc’s successor will be announced in due course.

imogen.tew@ft.com

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