CII elects its 114th president

He takes over from Barry Smith, chief executive officer of Fortis UK. Elected as deputy-president alongside Mr Hanks was Julian James, chief executive officer of Lockton International.

Commenting on his election as president, Mr Hanks said: “It’s a great honour to take the presidency of the CII and particularly in the run up to the centenary of our Royal Charter in 2012. I would like to pay tribute to all that Barry Smith has achieved over the last year especially his work as chairman of the general insurance taskforce, and on the Aldermanbury Declaration which reaffirms the essential role of professionalism in our sector’s future.

“The insurance sector must promote its value to the public and raise its standing and reputation with the public. As a member of the professionalism task force, and now as president of the CII, I intend to be a strong advocate for the Aldermanbury Declaration and the promotion of talent within the sector and attracting the best from outside.

“A sector-wide commitment to a common framework for professional standards will create a virtuous circle of better outcomes for customers, resulting in improved public trust and confidence, which will in turn attract more talented people to pursue a career in our profession.“

Dr Alexander Scott, CII chief executive, paid tribute to all the members who volunteer to support the organisation and highlighted the great progress it has made over the last year.

He said: “2009 proved to be another year of significant progress and growth for the CII because of our strong commitment to helping members and firms raise standards of professionalism. This commitment has enabled us to maintain momentum against a backdrop of political and market uncertainty.

"I am also pleased to report to our members that during the first half of 2010 we continue to motor ahead. As a result, membership fees have been frozen since September 2008.”