BILTIR To Present At SoA Annual Meeting
Bermuda International Long Term Insurers and Reinsurers [BILTIR] has announced that four of its member companies will give a presentation about the Bermuda life reinsurance industry at the prestigious Society of Actuaries [SoA] Annual Meeting in Boston, being held from October 15 to October 18.
A spokesperson said, “BILTIR member companies and presenters of Monday’s panel discussion entitled, Life Reinsurance in Bermuda, are Manfred Maske, Chief Executive Officer at Monument Re Group; Sylvia Oliveira, Chief Executive Officer at Wilton Re Bermuda and member of the BILTIR Board of Directors; and Scott Selkirk, Managing Director at Somerset Re. The session will be moderated by Gokul Sudarsana, Senior Manager at Deloitte in Bermuda.
Scott Selkirk, Managing Director at Somerset Re; Manfred Maske, Chief Executive Officer at Monument Re Group; Gokul Sudarsana, Senior Manager at Deloitte in Bermuda and Sylvia Oliveira, Chief Executive Officer at Wilton Re Bermuda and member of the BILTIR Board of Directors:
“During the session, four BILTIR members will provide attendees with compelling reasons why Bermuda is an attractive domicile for global life reinsurance businesses.
“At the end of the session attendees will be able to understand and describe popular business models in the Bermuda long-term insurance market; interpret emerging regulatory deliverables to support Bermuda’s Solvency II equivalence; as well as evaluate how Bermuda’s growing long-term insurance market can create opportunities for existing reinsurance programmes.”
Manfred Maske, Chief Executive Officer at Monument re Group and one of the panel speakers, said, “Bermuda is already a well-known and well-respected global hub for insurance capacity, and although the Bermuda insurance market has traditionally focused on general insurance risks, life insurance has been one of the fastest growing sectors in recent years.
“A diverse range of business models have emerged in this sector, providing new options and opportunities to manage long-term insurance risk.”
Manfred Maske, Chief Executive Officer at Monument re Group
“A key driver of growing and sustaining this thriving long-term insurance sector is Bermuda’s increasingly robust and transparent regulatory landscape, notably its recognition as a Solvency II equivalent jurisdiction.
“Over the coming years, we can expect the Bermuda market to become increasingly important for life-focused actuaries. The presentation is designed to introduce the audience to pertinent business models and regulations in Bermuda life insurance. It is intended to meet the needs of actuaries focused on risk management, capital planning and reinsurance.”
“The 2017 SOA Annual Meeting will see more than 2,000 decision makers in the actuarial profession across the globe gather together to discuss information and insight to support professional needs in the life insurance space.”
