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New global insurance chief comes from South Africa

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The International Association of Insurance Supervisors has named Jonathan Dixon to succeed Yoshiro Kawai as its secretary general.

The Basel, Switzerland-based group tries to develop insurance standards, such as insurance company capital standards, that can apply throughout the world.

Dixon has been the deputy executive officer of the Financial Services Board in South Africa since 2008. He has served on the IAIS executive committee since 2009.

In 2011, Dixon attracted international attention by talking about the challenges even a sophisticated country like South Africa faced when trying to apply IAIS standards. He said the country had to hire two independent international experts to help the country comply with an IAIS self-assessment requirement. 

Related: Deloitte: Standards shifts also challenge other countries

Dixon has a bachelor’s degree from the University of Cape Town and a master’s degree from the London School of Economics.

Before he went to work with South Africa’s FSB, he was chief director for financial sector policy at South Africa’s National Treasury.

While Dixon has been with that agency, he has seen his country adopt major financial services regulatory changes.

In recent years, for example, Dixon managed the FSB as South Africa adopted the “Twin Peaks” regulatory model. That model calls for the FSB to focus on regulating financial services’ companies’ market conduct, and for a separate organization to oversee the companies’ financial stability.

SABC, a South African television station, posted this recording of a February 2015 interview with Dixon on that topic on its YouTube channel.


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