Press Release

NEW HEAD FOR CII’S PROFESSIONAL STANDARD BOARD

August 24 2006

David McIntosh, a senior partner at Davies Arnold Cooper, is to become the next chairman of the Professional Standards Board (PSB) the Chartered Insurance Institute has announced.

He will succeed The Rt. Hon The Lord Hunt of Wirral who will complete his two year term as chairman later this year.

CII President Peter Hales paid tribute to Lord Hunt, he said: “David Hunt has made a telling contribution as PSB chairman providing vision, drive and a passion for professionalism.

“David will be a hard act to follow but in David McIntosh I believe we have got exactly the right person to do so. Among his many attributes he is a past president of the Law Society of England & Wales and is highly experienced and respected in our industry.”

In addition to promoting professionalism and the adoption of the highest standards by CII members the PSB also offers guidance to the CII on its internal governance standards.

Lord Hunt, who is the first independent chairman of the Professional Standards Board, commented: “For me, achieving higher levels of professionalism is about providing leadership and guidance and not about expecting someone to tick boxes. One of my first tasks as PSB chairman was to introduce the CII’s new Code of Ethics and Conduct – a beacon of professionalism for our sector – and I have been greatly encouraged by the positive way that both members and companies have embraced its principles. I did agree to serve for two years and would like to take this opportunity of thanking everyone in the CII who has given me such strong support throughout my chairmanship.”

David McIntosh will commence his chairmanship in October.