The Association of British Insurers (ABI) has appointed David Otudeko as director of regulation.
Otudeko (pictured) who joined the ABI as assistant director, head of prudential regulation, in June 2021, has been acting as interim director of regulation since November 2024, following the departure of Charlotte Clark.
Before joining the ABI, he held various risk-focused roles at the PRA, PwC, and AmTrust.
Hannah Gurga, director general at the ABI, said: “I’m delighted that David has been appointed as the permanent director of regulation.
“He brings significant experience from within the financial services sector to the role and has already made demonstrable progress on a number of issues that are a priority for our members.
“I’m particularly pleased that an internal candidate was successful through a highly competitive recruitment process, demonstrating the excellent breadth of talent within the ABI.”
Otudeko added: “I am really pleased to have been appointed as the ABI’s permanent director of regulation.
“It is a critical time for (re)insurance regulation with the government and our regulators focused on the UK’s economic growth and competitiveness.
“There is a key role for the insurance and long-term savings sector to play in support of this.
“I look forward to working with the government, regulators, ABI members, the amazing staff in the regulation directorate and across the organisation to help boost growth and deliver fit for purpose and proportionate regulation for our sector.”
