Managing director of British Caribbean Insurance Company (BCIC) Peter Levy has been elected president of Insurance Association of Jamaica (IAJ).
Levy, who replaces outgoing President Eric Hosin of Guardian Life, was elected president during IAJ’s annual general meeting last Wednesday.
Outgoing President Hosin served for two years. Under the IAJ’s constitution, the presidency is rotated every two years between the life and general insurance industries.
Levy served as vice-president — general for the IAJ before being elected president. He will be supported by Vernon James, vice-president — life; and Mark Thompson, vice-president — general. The remaining members of the executive will be confirmed next month when the respective executives meet.
“Mr Levy has been a long-time advocate for insurance consumers and brings extensive experience and expertise to the presidency that can only help to strengthen our body,” said IAJ Executive Director Orville Johnson.
As Hosin demitted office, he said, “I want to thank all the members of the association who played a part in this process. We are blessed to have a high level of commitment and willingness of those in our ranks to support the goals and the charge of our association.”
Levy, during his presentation said he will be focusing on insurance vehicle information system (IVIS), road safety, fraud and insurance penetration in his role as president.
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