BILTIR kicks off twelfth Annual Life & Annuity Convention in Bermuda

The Bermuda Worldwide Lengthy Time period Insurers and Reinsurers (BILTIR) kicked off its twelfth annual Bermuda Worldwide Life and Annuity Convention right this moment, drawing 450 international professionals from the (re)insurance coverage trade.

BILTIR, a commerce affiliation with greater than 70 (re)insurance coverage firms and repair suppliers, hosted the occasion, which focuses completely on the long-term insurance coverage and reinsurance trade in Bermuda.

This yr’s convention options distinguished audio system, together with Doris Kearns Goodwin, the presidential historian and Pulitzer Prize-winning writer, who delivered the keynote tackle.

Different notable audio system embody Petra Hielkema, chairperson of the European Insurance coverage and Occupational Pensions Authority (EIOPA); Andy Mais, president of the Nationwide Affiliation of Insurance coverage Commissioners (NAIC); and Craig Swan, CEO of the Bermuda Financial Authority (BMA), amongst different trade leaders.

Discussions all through the day deal with international regulatory frameworks and the expansion alternatives throughout the long-term insurance coverage sector. Classes cowl subjects such because the position of robust laws, capital administration, and experience within the trade.

Panelists are anticipated to handle why Japanese life insurers are more and more looking for reinsurance alternatives in Bermuda, in addition to how insurers are working to bridge the safety hole and optimize their asset and legal responsibility methods.

Along with the formal talking classes, the occasion gives networking alternatives for attendees, permitting trade friends to proceed discussions sparked by the displays.

Suzanne Williams-Charles (pictured above), CEO of BILTIR, highlighted Bermuda’s position in driving these discussions, stating that the island is a primary location to discover key trade traits.

“There’s a transparent urge for food for the trade to return collectively and create conversations round the way forward for the trade – actually, we offered out this yr’s occasion quicker than ever earlier than,” she mentioned.

BILTIR represents the long-term insurers and reinsurers in Bermuda, advocating for the pursuits of its members. The group’s membership contains over 70 companies within the life insurance coverage, annuity, and reinsurance sectors, in addition to service suppliers, positioning Bermuda as a key participant within the evolving international long-term insurance coverage trade.

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