With Boris Johnson due to become Prime Minister today following his victory in the Conservative Party leadership contest yesterday the financial professionals have given their thoughts.

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.