Rothesay co-founder and chief executive Tom Pearce has been added to the board of the Association of British Insurers (ABI) effective instantly.
“I’m delighted to join the ABI board at this important time for our sector,” said Pearce, who succeeded fellow Rothesay founder Addy Loudiadis as CEO about three months ago. “From safeguarding the future for millions of people to investing billions of pounds in productive assets, the insurance industry’s role in helping to secure the growth and competitiveness of the UK economy has never been more vital.
“I look forward to laboring with the board and to contributing to Rothesay’s knowledge and experience as the UK’s largest allowance insurance specialist.”
Pearce’s arrival follows that of Swiss Re UK and Ireland nation president and chief executive Jason Richards, who became an ABI board member in September.
The board is chaired by Baroness Nicky Morgan, who commented: “Tom will be a real asset to the ABI board, and we look ah ead to working with him. It’s more important than ever that we reflect on views and experiences from the broadest range possible across the industry, and I know Tom will bring a real wealth of experience and insight.”
Meanwhile, Royal London Group CEO and ABI president Barry O’Dwyer called Pearce a “much welcome” ABI board member.
“These are significant times for the insurance and long-term savings industry, and we’re grateful to have Tom’s expertise as we approach a crucial year with the implementation of Solvency II reform, the launch of pension dashboards, and the consumer duty,” declared O’Dwyer.