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Tim Breedon to become ABI chairman

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The Association of British Insurers has confirmed that Tim Breedon, group chief executive of Legal & General, has been nominated to become its next chairman.

The ABI added that Mr Breedon will be formally appointed at its AGM in July when Archie Kane will step down as chairman having completed a three year term of office.

Mr Breedon has been group chief executive of Legal & General since January 2006, having joined the L&G Board in 2002. He has been a member of the ABI's board since July 2007.

Mr Breedon commented: "It is an honour to be asked to become ABI chairman at this vital time for the insurance industry. The insurance sector was not part of

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