Jon Dye has been named as the new chair of the Association of British Insurers (ABI).
Dye, chief executive of Allianz Insurance since July 2013, will serve a one-year term after which the board chair role will revert to a two-year tenure, following the recent resignation of Amanda Blanc.
Blanc stepped down from the position after resigning as chief executive officer of Zurich in Europe. She was the first woman to chair the ABI since the insurance industry body started out more than a century ago.
Dye has been on the ABI board since January 2015. He chaired the ABI audit committee between 2016 and 2018.
Commenting on his appointment, Dye said: “I am delighted to be taking on this role at such a crucial time for our world-leading industry. Insurance and long-term savings play a vital role in the UK economy and in the lives of the people we help and support.”
He added: “We face a period of unprecedented challenge and opportunity so it’s important for the industry to speak with a clear, authoritative and constructive voice. Amanda Blanc is a tough act to follow, but I am looking forward to working with the ABI board on the many and varied issues that face the industry.”
Bronek Masojada, a member of the ABI board appointments committee, commented: “Jon was the clear choice of the board to lead it over the important year ahead. He is highly respected by his board colleagues for his commitment, judgement and open way of working.”
ABI director general Huw Evans said: “Jon brings 30 years’ experience of the insurance industry to the role of ABI chair. His insights and energy will be invaluable in representing all parts of the insurance and long-term savings market as we rise to the challenges and opportunities of our fast-changing world.”