The CEO of Scottish Widows / CEO of Insurance, Pensions and Investments of Lloyds Banking Group, Chirantan (Chira) Barua has joined the Board of the ABI. Meanwhile two committees welcome new chairs.
Chira joined Lloyds in May last year having led on global strategy at HSBC for three years. He takes up his role on the board from today and will also feature as guest speaker at the ABI’s annual conference later this month, discussing Mansion House reforms.
Chira said: “With so much on the table of government when it comes to pension reform - and an election coming down the line - working together as an industry through the ABI and its Board has rarely been so crucial.”
The ABI Board provides the strategic direction to the Association’s work, chaired by Baroness Nicky Morgan. As Chira joins, the ABI thanks Craig Thornton, who leaves the Board and the association’s General Insurance Committee after nearly four years.
In addition to the Board changes, the ABI’s General Insurance Committee will see Allianz CEO Colm Holmes take over as Chair from Thornton. Jason Storah, Aviva’s UK & Ireland GI CEO, will become the committee’s first Deputy Chair
The Health & Protection Committee will also have a new Chair, with Bupa Insurance CEO Alex Perry taking on the role, replacing Fran Bruce (Aviva) and Fiona Harris (Bupa) who previously shared the role. Robert Morrison will also join the committee as Aviva’s representative.
Baroness Nicky Morgan added: “The high profile and influential nature of our committee chairs reflects the importance of the work steered by our members. But it also shows the dedication that our industry’s senior leaders have to making positive changes for the good of consumers and businesses across the UK.
“With that in mind, I’d like to thank Craig Thornton for his immeasurable impact across a range of important workstreams over many years and I wish him well for the future.”
On the departure of Bruce and Harris, Yvonne Braun, ABI’s Director of Policy, Long-term Saving & Protection, said: “We’re very grateful to Fran and Fiona for their strong leadership of the Health & Protection Committee and driving its important work streams, not least building a robust evidence base to show the sector’s enormous positive impact on workplace health and productivity.”
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The full list of ABI Board members is available here.
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