Maggie Craig to step in as acting-director general

The Association of British Insurers (ABI) has confirmed that director general Kerrie Kelly is stepping down to return to Australia for personal reasons.

The ABI's director of life and savings, Maggie Craig, will serve as acting-director general while Kelly's permanent replacement is found.

Kelly took up the role just six months ago, replacing Stephen Haddrill.

She was formerly executive director and chief executive of the Insurance Council of Australia.

Outgoing ABI chairman, Archie Kane, said: "Although she has only been here for a short time, Kerrie has had the drive and energy to make an impact on the organisation and the industry during an important period. I am grateful for her contribution and wish her well in her future endeavours.

"With over 30 years of experience at the cutting edge of financial services and the insurance industry, Maggie Craig possesses all of the qualities required to step up to this challenging role.”

The FT reports that Kelly's position was considered at a recent board meeting.