Senior insurance regulators appointed
BVIFSC - Wednesday, June 13th, 2012 at 7:53 AM
L-R: Trevecca Hodge and Stanley Dawson
Tortola, British Virgin Islands – 12 June, 2012 – In keeping with its commitment to provide quality service to the financial services industry through the selection of qualified senior regulatory executives, the British Virgin Islands Financial Services Commission (“FSC”) is pleased to announce the appointments of Insurance regulators, Mr. Stanley Dawson and Ms. Trevecca Hodge as Acting Director, Insurance and Acting Deputy Director, Insurance, respectively.
Both appointments took effect on 29 May, 2012. The appointments of Mr. Dawson and Ms. Hodge follow the departure of former Director, Insurance Harry Whitcher, who demitted office in early May.
Commenting on the appointments, Managing Director/CEO of the FSC, Mr. Robert Mathavious advised, “I am pleased that the Commission was able to promote both these employees from within the Insurance Division. I congratulate them both on their new appointments and look forward to their collaboration as they lead the Insurance Division and oversee the regulation of persons conducting insurance business in and from within the Territory”.
Stanley Dawson – Director, Insurance
Stanley Dawson has over 26 years of private sector insurance experience and has worked at the Commission since January, 2005. Regarding his new appointment, Mr. Dawson commented, “I wish to thank the Commission for exhibiting the confidence in me that it has demonstrated by promoting me to this challenging post. My goal is to continue to work in maintaining a regulatory environment within the insurance sector in the BVI that is compliant with international standards while at the same time striking a balance between those standards and maintaining a well regulated domicile of choice for insurance companies.”
Dawson previously served as a Senior Regulator within the Insurance Division and more recently as Deputy Director, Insurance from August, 2011 and previously from April, 2006 to September, 2009. Mr. Dawson holds a Bachelor of Arts in Economics and Accounting from York College of the City University of New York.
Trevecca Hodge – Deputy Director, Insurance
The newly appointed, Deputy Director, Insurance has been employed with the FSC since its inception in 2002 and has over 9 years of regulatory experience, primarily in the FSC’s Insurance Division.
Trevecca Hodge began her career in regulation at the FSC as a Regulator I and rose through the ranks; having most recently served in the capacity of Senior Regulator from 2010.
On her appointment, Ms. Hodge expressed, “I am most grateful and honoured to be given the opportunity to serve in this capacity having joined the Commission over 10 years ago and worked through the ranks. I am especially thankful for the opportunity to work closely with members of the Division to share my knowledge along with assisting to move the Division forward.”
Ms. Hodge holds a Bachelor of Arts in Business Administration from the University of the Virgin Islands and a Certificate in Captive Insurance Management from the Glasgow Caledonian University in the United Kingdom. She also holds an Associate in Captive Insurance (ACI) designation from the International Center for Captive Insurance Education and is a member of the Association of Certified Anti-Money Laundering Specialists (ACAMS).
The Insurance Division of the FSC is responsible for the supervision of insurance business conducted in and within the Territory and includes the oversight of Domestic and Captive Insurers, Insurance Managers, Intermediaries, Agents, Brokers and Loss Adjusters.
This article was posted in its entirety as received by bvinews.com. This media house does not correct any spelling or grammatical error within press releases and commentaries. The views expressed therein are not necessarily those of bvinews.com, its sponsors or advertisers.
13 Comments
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is she married? single? i dont see her with no one
Congratulation to both of you May we appreciate the hard work that Mr. Mactavious has done and keep it moving.God bless
Congratulation Mr. Stanley Dawson.
and excellent Asset.
Angel M. Rivera – Bretaña
Atlantic Southern Insurance Company
We are extremley proud of you guys. These are committed hard working individuals whom are well deserving of their appointments. Now just stay focused and continue to deliver excellent work!
I trust that these two will not follow in the foot steps of the two who were appointed to the TRC. Big MAC we trust your judgement. Hope that all goes well.
Schuups! You all still harping on that TRC nonsense which was in motion since 2009 and had nothing to do with the recent appointees. Use your brains for once please? Besides, the Insurance Regulatory Dept at FSC is completely different to what TRC does.sheesh!
thats becasue those brough in are on the forfront of emerging markets and not to mention the creme de la creme is sourced as these folks tend to have alot more experience and exposure dealing with many varies senarios! However with that I am happy that 2 locals are appointed from within the FSC. It shows that Mr. Mac has the cohonos, vision and trust in his people To champion this industry and keep it within the local community which is ideally where it belongs. I might add he is an Exemplary manager and very capable chap to work with. AND NO I AM NOT AN EMPLOYEE OF THE FSC.
What give you the evidence to prove that those that are brought into the territory has more experience and exposure? Please it will be nice if research can be done, as those brought in with inflatable resume and lack of ability to do the job.
PS: I am a local with 35 years of exposure and experience on Wall Street in the Emerging Market could I apply for a Direct
position ?
U could providing you are known by the international community and your work speaks highly of u. Mr mac is such an individual. I have never heard of another. So therefore u are not an ideal candidate.
Could you please tell me why when one of our local get a position it always have to be acting and when you bring someone in from overseas they are not acting but Director .
What is wrong with you people .Please wake up here in Tortola please make those two people directors and not acting Dirctors. Management here in Tortola look out better for the people they bring into this country
and not for there own. Is the salary to big for the local ? Wake up and smell the coffee.
I agree with your post 100%, and the appointment of locals (once they are capable and qualified) is something that our government should continue to foster. However, sometimes people want to get a feel for the role before completely accepting it, and perhaps this was the agreement. Typically, there is also a grace period to see how effective and capable the person will be in the position before making it permanent. I am not too verse with the labor code at it relates to what I am about to say, but I don’t think the labor department (though they could likely favor themselves because in this case it’s the government) will allow you to file for a work permit for someone unless it’s a bona fide and permanent position, hence why they have to hire the person into the role as a permanent not “acting” role. So there are possibly a few reasons for the “acting” role. Not trying to justify, just trying to shed some light into the situation.
People who come in from oversea do not have a grace period they go right to the position, tell me am I correct??
Who is checking what they put on paper? no one and I guess that is okay.
It’s the process. I’m sure they will be confirmed but they have to prove that they’re definitely fit for the post. It’s just like having a probationary period.
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