LONDON, UK — The Association of British Insurers (ABI) has appointed David Otudeko as its new Director of Regulation, following a competitive recruitment process and a successful interim period in the role.
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 his predecessor, Charlotte Clark. His background includes risk-focused positions at the Prudential Regulation Authority (PRA), PwC, and AmTrust.
ABI Director General Hannah Gurga welcomed the appointment, highlighting Otudeko’s deep experience in the financial services sector and his progress on several key regulatory priorities. “David’s appointment reflects the strength of internal talent at the ABI and the valuable contribution he has already made to our regulatory work,” she said.
Commenting on his permanent appointment, Otudeko expressed his enthusiasm for taking on the role at a pivotal time for the industry. “Regulation of the insurance and long-term savings sector is increasingly focused on supporting UK economic growth and competitiveness. I’m excited to work with government, regulators, ABI members, and colleagues to promote proportionate regulation that enables the sector to thrive,” he said.
His appointment comes as the UK insurance sector navigates a shifting regulatory landscape, with a growing emphasis on economic development while maintaining high standards of oversight.
In related news, the ABI recently welcomed Cowbell, a provider of AI-driven cyber insurance solutions for SMEs and mid-market businesses, as a new member. Cowbell’s addition underscores the ABI’s growing engagement with innovative and tech-driven firms.
The ABI represents more than 300 member firms and works closely with government, regulators, consumer groups, and NGOs. Its mission includes advancing public understanding of insurance and long-term savings, and ensuring the industry continues to support the broader UK economy.
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