Speech by Nikhil Rathi, chief executive, at the Association of British Insurers roundtable.
Thank you, Hannah, for the invitation. I must confess to a degree of trepidation: I read your ABI Dinner speech, where you called for Alexander the Great’s sword to be raised over regulators, and for bold strokes to be taken.So I had to wonder for a moment, what fate may lay before me this morning, surrounded by 40 of your chief executive cavalry – a friendly breakfast or a last meal?You were, in fact, making a very important point about, in your words, the ‘Gordian knot of regulation’.I’d go further and talk about the Gordian knot of our growth challenge. And I agree with you, Hannah: tackling this urgent problem requires bold strokes – from all of us.