PracticeAuditMary Francis to leave the ABI

Mary Francis to leave the ABI

The woman responsible for turning the Association of British Insurers into a powerful advocate of shareholder power is to step down from her post as the organisation's director general.

link: doom and gloom greets cap

Mary Francis will leave next March after five years in charge.

During her time in charge she has been responsible for giving the ABI a powerful voice in the corridors of power in Westminster and the City.

Francis has been at the forefront of putting pressure on the government to resist putting a cap on the liability faced by auditors despite the pressures for such a move in the wake of the collapse of Enron. No decision has yet been taken by ministers.

She has also played a key role in making insurers adapt to changes in investment markets, increased international regulation and a heightened risk from terrorism, reported the Financial Times newspaper.

‘I hope I have moved the ABI on from being a competent trade body into an influential voice,’ she said.

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