Peter Kenny, chief executive of Old Mutual International, part of Quilter, is to be appointed chairman of the Manx Insurance Association (MIA).

Peter Kenny succeeds Gill Marples, a director at IntegraLife International, who has held the post since 2015.

Gill 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.

Gill held the chair during a challenging time for the industry which saw the development of a new regulatory framework including implementation of a new Conduct of Business Code.

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.

Peter Kenny said: ’I am delighted and honoured to become chairman of the MIA.

’Isle of Man insurance firms work in jurisdictions right across the globe creating symbiotic relationships that promote jobs and growth.

’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.’

Gill Marples said: ’I am delighted that Peter has taken on the leadership of the MIA and look forward to supporting him as he continues and builds on the important work undertaken by the association during the past few years.’