Market moves: Top-down changes

Business handshake

There is only really one place to start this month and that is with the Association of British Insurers (ABI). The organisation caught the market on the hop by announcing that Nick Starling, director of general insurance, Maggie Craig, director of financial conduct regulation and Steve Gay, director of life, savings and protection had been made redundant.

As part of the restructure the ABI said it would combine general insurance with life and pensions under a new department. The merged division