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GFSC Director General appointed to international insurance body

The Director General of the Guernsey Financial Services Commission (GFSC) has been elected as Chairman of the Audit and Risk Committee of the International Associate of Insurance Supervisors (IAIS).

William Mason, who originally joined the IAIS Executive Committee in 2014, will have responsibilities to drive forward an ambitious five year reform plan as well as developing regulation worldwide that is both proportionate and sensible.

Commenting on the appointment, Grant Mitchenall, Managing Director of Heritage Insurance Brokers, said, ‘We feel this appointment of Mr Mason to the IAIS Committee is strategically important, as Guernsey needs representation at the highest level in supporting efforts to develop global insurance regulation. The island needs to be viewed as a valuable partner by larger jurisdictions around the world, and Mr Mason’s election is an important first step in achieving this.’

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