Archie Kane is to remain as the Association of British Insurers (ABI) chairman until spring 2010.
The move, which was a unanimous decision by the ABI board, enables Kane to continue to lead the trade body as it responds to a large number of reviews on the future of financial services regulation and other important issues, including the Chancellor's Insurance Industry Working Group. Kane will also play a leading role in shaping the next stage of the ABI's response to the financial crisis and help UK financial services pull through the recession. Kane says he is pleased to have been asked to stay on as chairman; "Circumstances remain challenging for all financial services sectors, a...
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