Keith Satchell, group chief executive of Friends Provident, is the new chairman of the ABI. He takes over from Richard Harvey of Aviva who has concluded his 2-year term.

Satchell said: "I am delighted to be taking on this important role at a crucial time for the industry and our customers. Richard Harvey has done a terrific job on behalf of the whole industry. I will build on Richard's work to strengthen consumer confidence in our industry."

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