The Association of British Insurers has appointed Kay Swinburne vas its new independent chair. She takes over the role from Nicky Morgan. Swinburn takes up her position with immediate effect and for an initial period of three years.

Swinburne said: “I am delighted to take up the role of ABI chair and look forward to working with the board members, the executive team and the sector more broadly as we build on the strong track record of insurance and long-term savings providers in recent years.

“There are some pressing issues ahead, particularly on consumer related matters and further supporting the UK’s economic growth. I look forward to steering the Board as we seek to find ways to help tackle these challenges.”

Andy Briggs, president of the ABI and CEO of Phoenix Group, added: “Kay’s extensive experience across financial services in the UK and in Europe will be a great asset to our industry, especially at such an important time as we work to support the government’s vital growth mission. We look forward to welcoming Kay to the ABI board.

“I’d also like to thank Nicky Morgan for her extensive contribution to the ABI, especially in driving forward our consumer-focused work and helping to establish the Investment Delivery Forum.”