BILTIR Represent Bermuda In France & US
Executives from Bermuda International Long Term Insurers and Reinsurers [BILTIR] have been representing Bermuda’s life insurance and reinsurance sectors at international conferences attended by leading industry experts and regulators in Paris and Seattle, Washington.
A spokesperson said, “Executive Director Christine Patton, Executive Adviser Curtis Dickinson, Steve Hales, the Chief Executive Officer of Resolution Re and Chair of BILTIR’s Global Advocacy Committee for Europe and the UK, Amy Ponnampalam, the Chief Executive of Athora Life Re and Chair of BILTIR’s Social Impact Committee and Wendy Yu, Chief Pricing Officer of Athora Life Re, attended the Insurance Europe conference in Paris on June 7. The conference discussed issues such as: how to insure a heating planet; navigating a new era of data access and control; and how to serve tomorrow’s consumers.
“On June 15-16, Mr. Dickinson, Ms Patton and Andrew Sooboodoo, Chief Risk Officer of Fortitude Re and BILTIR Board member, travelled to Seattle for the 2023 IAIS [The International Association of Insurance Supervisors] Global Seminar hosted by the National Association of Insurance Commissioners [NAIC]. As well as US insurance commissioners, there were speakers from other countries, including the Japan Financial Services Agency, The Geneva Association, the Bank of England, the Insurance Authority of Hong Kong, and the European Insurance and Occupational Pensions Authority.”
“In 2022, BILTIR formed a Global Advocacy Committee to engage on international issues affecting the island’s life insurance sector,” said Ms Patton. “It is important that international colleagues have a clear understanding of the advantages and efficiencies of Bermuda’s life re/insurance sector and these conferences are an ideal opportunity to communicate this.”
Mr. Dickinson added: “It is crucial for BILTIR to be able to understand the many international regulatory and industry issues that might impact our sector. Attending these conferences gave us an invaluable insight into current trends as well as the opportunity to showcase Bermuda’s life re/insurance industry.”
The spokesperson said, “BILTIR represents 56 life re/insurers and 21 associate members in Bermuda who provide life and annuity products and employ more than 1000 people on the island.”
