The Association of British Insurers has named Allianz Insurance chief executive Jon Dye as its new chair following the sudden resignation of Amanda Blanc last week.

Senior industry executive Amanda Blanc is to stand down from her roles as CEO EMEA of Zurich Insurance Group and as chair of the ABI after nine months in both roles.

Tributes have been paid to former Association of British Insurers director Peter Montagnon who died suddenly on Tuesday.

New data from the Association of British Insurers has revealed “alarming” numbers of pension savers entering retirement and pensions drawdown without taking any financial advice.