The Association of British Insurers (ABI) has today announced the appointment of Richard Rowney to its board following his recent appointment as chief executive of LV=. He’s replacing retiring LV= chief executive Mike Rogers.
Chairman of the ABI Andy Briggs said he is delighted that Rowney will be joining the board of the ABI.
“He is rightly credited with transforming the company’s life business and is highly regarded as an exceptional business leader,” said Briggs. “He brings considerable expertise in life and pensions and a valuable understanding of both the challenges and opportunities facing the life insurance industry."
Rowney started at LV= in 2007, working as the company’s chief operating officer between 2007 and 2010. He was promoted to managing director of life and pensions in 2010. Before joining LV=, he held various senior positions at Barclays Bank.
"The life and pensions industry faces the dual challenges of significant Government reform and fundamental changes in the way people plan and provide for their retirement,” said Rowney. “I look forward to working with the rest of the ABI board to help shape the future of the industry for the continued benefit of customers."
In June it was announced that Rowney would succeed Rogers at LV=, who had been chief executive at LV= for a decade.
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