Robert Hiscox slams "feeble" ABI
The outgoing chairman of Hiscox, Robert Hiscox, has hit out at the lack of expertise in the incoming regulator and lack of strength among industry representatives at a recent industry conference.
According to The Independent, Mr Hiscox, who is due to step down as chairman of Hiscox in early 2013, attacked the Association of British Insurers (ABI) claiming it focused on the wrong issues and did not care enough about the general insurance industry.
He said: “It is a shame the ABI is so utterly feeble – it's obsessed with corporate governance, then life insurance.”
Mr Hiscox also accused the Bank of England, which is to take on responsibility for regulating the insurance industry, of
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