The Association of International Life Offices (AILO) has announced the retirement of its CEO, well-known industry figure Alan Morgan-Moodie.
Morgan-Moodie will stand down as CEO at the AILO AGM in October. Bob Pain, who has been AILO’s chair since 2015, will assume the role of CEO and interim chair until a new chair is appointed.
Morgan-Moodie has held the position of CEO since 2010, prior to which he was AILO’s chair for six years. He has also been a director of Monarch Assurance plc, a founder member of AILO 16 years ago.
His career in the industry began in 1971, with a stint at Abbey Life Assurance Company in Scotland as a group pensions consultant. In 1986 he moved to the Isle of Man to set up Albany International Assurance Limited and has remained on the international scene ever since, helping to set up Sun Life International in 1992, where he was the sales & marketing director.
After that he set up his own consultancy, Morgan-Moodie Associates Limited.
“Over several decades I have seen endless change and development in this dynamic industry,” he said. “I am proud to have been a part of it and to have helped influence its direction in many ways. Although I am standing down from my official capacity within AILO I will remain close to the Association that I have been a part of since its first meeting on the Isle of Man in 1987, when it was called the ‘Offshore Life Offices Association’.
“The name was changed to the ‘Association of International Life Offices’(AILO) in 1990 to reflect the international, as opposed to purely offshore, nature of its Member companies’ business.
“As further industry changes are inevitable, especially with the huge amount of regulatory intervention, the role of AILO remains paramount in representing its Members’ interests and educating the marketand I will watch with interest as it evolves and develops,” he concluded.