David Otudeko (pictured) has been appointed director of regulation at the Association of British Insurers (ABI).
Otudeko joined the ABI in June 2021 as assistant director and head of Prudential regulation. He has been serving as interim director of regulation since November 2024, following the departure of Charlotte Clark. Prior to joining the ABI, he held risk-focused roles at the Prudential Regulation Authority (PRA), PwC, and AmTrust.
ABI director general Hannah Gurga said Otudeko brings significant experience from within the financial services sector to the role and had already made progress on a number of issues that are priorities for members. Gurga noted that Otudeko’s appointment followed a highly competitive recruitment process and reflected the breadth of internal talent within the ABI.
Otudeko said he was pleased to take on the role permanently at a time when re/insurance regulation is focused on supporting the UK's economic growth and competitiveness. He added that the insurance and long-term savings sector has a key role to play and said he looked forward to working with government, regulators, ABI members, and colleagues across the organisation to promote growth and support proportionate regulation.
The appointment comes at a time when the insurance sector is facing a period of regulatory change, with policymakers focusing on growth and competitiveness alongside maintaining standards.
Earlier this year, the ABI recently welcomed Cowbell as a new member. Cowbell is a provider of adaptive cyber insurance specialising in coverage for small and medium-sized enterprises and middle-market businesses. The company offers AI-driven risk assessment and cyber insurance products designed to help businesses manage cyber risks.
The ABI represents more than 300 member firms and works with the UK government, HM Treasury, regulators, consumer organisations and NGOs. It promotes the role of the insurance sector in supporting the economy and aims to enhance public understanding of insurance and long-term savings. The association also collaborates with its members to address industry challenges, improve market practices, and strengthen protections for businesses and consumers.
