"The insurance industry is a core part of the UK economy and one of its major employers, providing financial peace of mind for millions of businesses, homeowners and savers."
He will officially take up the role in October, and succeeds Paul Evans, Group Chief Executive, AXA UK, who has completed his two-year term as ABI Chairman.
Andy Briggs has been Deputy ABI Chairman since November 2015 and is currently Chairman of the ABI Audit Committee.
He joined the Group Executive and Aviva PLC Board in April 2015, to lead Aviva’s enlarged UK Life business following the acquisition of Friends Life Group Limited where he was Group Chief Executive. Prior to that he was CEO of Scottish Widows, CEO of the General Insurance businesses of Lloyds Banking Group, and CEO of the Prudential Group’s Retirement Income business.
Paul Geddes, CEO, Direct Line Group and Senior Independent Director to the ABI Board will become ABI Deputy Chairman. His previous roles include CEO for RBS Group’s UK retail banking business.
Andy Briggs said: “I am delighted to be the next Chairman of the ABI. The insurance industry is a core part of the UK economy and one of its major employers, providing financial peace of mind for millions of businesses, homeowners and savers. The ABI plays an important role working closely with government, regulators and others to ensure that the industry promotes best practice, transparency and great value for customers. I believe that as an industry our unwavering focus should be to help customers think both about savings, so that they can enjoy a secure and prosperous retirement, and also to protect their families, businesses and belongings when the unexpected happens.
“I look forward to working with Huw Evans, Director General, and his team to ensure that that we continue the important work of this industry in overcoming the challenges we face and focusing on the role insurance plays in our society and everyday life.”
