ABI Reaction to Cabinet Reshuffle

Welcoming Sajid Javid’s appointment as Chancellor, Director General of the Association of British Insurers, Huw Evans, said:

“I worked closely with Sajid Javid in the negotiations to establish Flood Re and look forward to his tenure as Chancellor. During his time in Government, Sajid Javid has proved himself to be someone with a good grasp of the vital role our world-leading insurance and long-term savings industry plays in delivering economic stability and protection for businesses and individuals. Under his leadership, the Treasury will need to redouble its efforts to implement an orderly Brexit, with a transition plan, that sets the UK up for a prosperous future relationship with both the EU and the rest of the world.”

Welcoming Amber Rudd’s reappointment as Secretary of State at the Department for Work and Pensions, and appointment to the women and equalities brief, Huw Evans added:

“I’m pleased Amber Rudd has been re-appointed as Work and Pensions Secretary with lead ministerial responsibility for equalities. Our sector has proved itself to be a valuable partner to the Government in recent years, helping to ensure the on-going success of Automatic Enrolment, supporting the implementation of the pension flexibilities and working on practical ways to bring the pension system into the modern era.

It’s good to know we will be able to continue the relationship we have with Amber Rudd in taking these initiatives forward, and I look forward to updating her on the progress our sector is making around diversity and inclusion.”

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