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Huw Evans to succeed Otto Thoresen as Director General of ABI

The ABI is pleased to announce that Huw Evans will succeed Otto Thoresen as Director General in February 2015 when Otto assumes the chairmanship of the National Employment Savings Trust (NEST).

Huw takes on the role of leading the ABI as it continues its modernisation agenda under the chairmanship of Paul Evans. 

ABI chairman, Paul Evans, said:

“On behalf of the ABI Board, I would like to take this opportunity to thank Otto for his dedication, resolve and for all that he has achieved for the ABI and its members over the last four years. His appointment by the Department of Work and Pensions to the chairmanship of NEST is a wonderful testament to Otto’s high standing across both industry and Government. 

"The Board were unanimous in their support for Huw’s succession, noting the key role he has played in driving the policy agenda, but also in his determination to enhance further the efficiency and effectiveness of the ABI. Having worked closely with Huw over recent years, I am confident that his personal energy, his knowledge of this industry, and his strong focus on both member and customer outcomes, will provide for excellent stewardship for the ABI over the coming years."

Incoming ABI Director General, Huw Evans, said:

"In the current environment of high levels of regulatory and legislative change across the insurance sector, the need for an effective trade body is greater than ever - there is huge value to be gained from collaborative efforts on key policy issues. My experience of working with ABI members on issues as varied as Flood Re, pension reform and the ageing society has shown me the power and potential of what we can achieve as an industry when we work together.

"Otto and I have worked very closely over the last few years and I am looking forward to accelerating the momentum we have established."

Otto Thoresen said:

"It has been a privilege to lead the ABI during a critical point in its evolution. While it will be a personal wrench to leave the organization, the opportunity to Chair the trustee board of NEST at a key stage in the delivery of pension reform was an opportunity I couldn’t pass by. The role also gives me the scope to develop some of my other interests, in the third sector and elsewhere."

Download photo of Huw Evans (jpg 1.5MB)

Download photo of Otto Thoresen (jpg 1.4MB)

Notes for Editors

Huw Evans joined the ABI in 2008 and was appointed Director of Policy and Deputy Director General in October 2013, having previously served as Director of Operations. He is the author of the ABI’s policy blueprint "Challenges of a Changing World." Huw served as a special advisor at the Home Office and 10 Downing Street between 2001-6, before entering financial services as a senior manager in the Group Strategy team at RBS.

The ABI governance structure has recently been refreshed through the appointment of new chairmen of the General Insurance Committee (Maurice Tulloch of Aviva), Long Term Savings & Life Insurance Committee (Barry O’Dwyer of Standard Life), and Finance, Taxation and Capital Committee (Andy Parsons of Lloyds Bank), each of whom will additionally be joining the ABI Board. In a further move, Mike Rogers (Group Chief Executive of LV=) has been invited to join the ABI Board.

In these roles, each chairman will govern the relevant ABI policy agenda to ensure its ongoing relevance and support to the wider membership of the ABI.

Last updated 01/07/2016