Julian Adams, director of public policy and regulation at M&G plc (the holding company of the Prudential Assurance Company) has been appointed deputy chair of the Association of British Insurers (ABI). Adams will now serve alongside chair Jon Dye until the summer of 2020. He has been an ABI Board member since 2016.
Commenting on his appointment, Adams stated: “I’m pleased to be taking on this role at such an important period for our industry. At what is a time of unprecedented uncertainty, never has our world-leading, long-term savings and insurance industry been more crucial in supporting its millions of customers through often difficult events. Never has it been more important for the industry to speak clearly and with authority with one voice through the ABI. I look forward to playing my part.”
ABI director general Huw Evans added: “Julian’s wealth of experience, both from within and outside of the industry, will be invaluable in representing the long-term savings and insurance market as it navigates and rises to the challenges and opportunities presented by our fast-changing world.”
Adams became director of public policy and regulation at M&G plc earlier this year after four-and-a-half years spent in a similar role at Prudential plc. Prior to this, Adams served as executive director of insurance supervision at the Bank of England, a role he held from April 2013.
Adams had also served in a similar role at the Financial Services Authority. He chaired the Financial Stability Committee of the International Association of Insurance Supervisors and also sat on its Executive Committee. He was the UK’s Board member of the European Insurance and Occupational Pensions Authority, sat on its Management Board and was also a member of the Mediation Panel.
In other Board announcements, Tim Harris has been reappointed chair of the Board’s Prudential Committee in his new role as CFO at the Direct Line Group. Tulsi Naidu will join Jon Dye, Julian Adams and Bronek Masojada as a member of the Board’s Appointments and Remuneration Committee. Also, Barry O’Dwyer has accepted the invitation to return to the Board in his new role as Group CEO with Royal London.