Old Mutual International CEO Kenny takes over MIA chair

Peter Kenny, CEO of Old Mutual International

Peter Kenny, CEO of Old Mutual International, part of Quilter, has taken over as chairman of the Manx Insurance Association (MIA).

Kenny, succeeds Gill Marples, a director at IntegraLife International, who has held the post since 2015. A statement from the MIA said that Marples is stepping down to concentrate on a new role as the Life Insurance Industry Representative on the Finance Isle of Man Executive Agency, in which she will continue close ties with the MIA.

Marples has been MIA chair during what the Isle fo Man’s life assurance industry representative body called “a challenging time for the industry which saw the development of a new regulatory framework including implementation of a new Conduct of Business Code.

“With a huge amount of regulatory change happening globally we face both opportunities and challenges,”  Peter Kenny, CEO of Old Mutual International, part of Quilter, said.

During this period the MIA also commissioned and began work on a Strategic Review designed to ensure the prominence of the Isle of Man as a centre of excellence for the international life insurance and wealth management sector.

Kenny, said that he was “delighted and honoured” to take over the role.

“Isle of Man insurance firms work in jurisdictions right across the globe creating symbiotic relationships that promote jobs and growth,” he said. “We share the common goal of promoting Isle of Man plc as a place to grow international businesses, supported by a deep pool of specialist talent.

“With a huge amount of regulatory change happening globally we face both opportunities and challenges. Under Gill, the MIA has played a vital role to help improve conduct and customer outcomes, and I look forward to working with government to continue to promote best practice, deliver for our customers and further enhance the international reputation of the Isle of Man.”

Marples added that she was “delighted” that Kenny has taken on the leadership of the MIA and will “look forward” to supporting him as he continues and builds on the important work undertaken by the Association during the past few years.

Source: https://www.internationalinvestment.net/news