Exclusive: ABI director of regulation Hugh Savill to retire

Written by Adam Cadle

06/01/2020

ABI director of regulation Hugh Savill is to retire in October.

In his current role, Savill has accountability for relations between the insurance industry and the Bank of England (BoE) on prudential regulation, for relations with the FCA on conduct regulation, and also for taxation issues affecting insurers.

He sits on the executive committee of the ABI, and reports through the Prudential, Finance and Tax Committee to the ABI Board.

At the ABI, Savill has held a number of assistant director roles, covering EU and international affairs, UK public affairs, and ABI member relations and events. He was temporary director of investment affairs for 18 months before moving into his current role in 2012.

Savill joined the ABI in 2005 from the UK Department of Trade and Industry (DTI), now the Department for Business, Innovation and Skills. In 20 years at the DTI, he worked on the finance and governance of the Department, faced off to the Scott Inquiry into the sale of arms to Iraq, and specialised in the negotiation of EU regulation. Savill is a well-known insurance lobbyist at European and International level, member of the ECOFIN Committee of Insurance Europe, and chairs the Capital Task Force of the Global Federation of insurance Associations.

Speaking to Insurance Asset Management, Savill said: “It has been great working at the ABI, where I have always taken a close interest in the asset side of the balance sheet – but time catches up on you. I should add that I will be looking for portfolio/part time challenges from next November.”

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