Oct. 6, 2021
VsportV体育 Leadership Participates in ABIR Webinar in Bermuda
On Oct. 5, 2021, David Altmaier, VsportV体育 President and Florida Office of Insurance Regulation Commissioner, and Dean Cameron, VsportV体育 President-Elect and Idaho Department of Insurance Director, participated in a roundtable webinar, 鈥淟everaging International Reinsurance to Address the #Climaterisk #ProtectionGap.鈥 Commissioner Altmaier, Director Cameron, and other participants contemplated a variety of topics surrounding the role of reinsurance while addressing the climate protection gap as well as the work of the VsportV体育 Climate and Resiliency Task Force and progress on implementation of the 2019 Credit for Reinsurance model revisions. Other participants included Gerald Gakundi, Director of Insurance Supervision, Bermuda Monetary Authority (BMA) and Suzanne Williams-Charles, Director of Policy and Regulation, Association of Bermuda Insurers and Reinsurers (ABIR). The event was organized by the ABIR, and moderated by Jeff Manson, ABIR Climate Committee Chair and Senior Vice President, Underwriting and Head of Global Public Sector Partnership, RenaissanceRe. Over 150 people registered to virtually attend the webinar, which featured the in-person discussion of participants in Hamilton, Bermuda.
While in Bermuda, Commissioner Altmaier and Director Cameron met with BMA senior staff; Bermuda鈥檚 Premier, the Hon. E. David Burt; Finance Minister, Curtis Dickinson; and ABIR Board members.
About the VsportV体育
As part of our state-based system of insurance regulation in the United States, the VsportV体育 (VsportV体育) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the VsportV体育, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. VsportV体育 staff supports these efforts and represents the collective views of state regulators domestically and internationally.