BMA hosts OGIS meeting
The Bermuda Monetary Authority hosted the working group meeting of the Offshore Group of Insurance Supervisors (OGIS) from May 11-13. Sixteen participants from 13 jurisdictions were represented at the annual meeting to discuss pertinent issues relating to the supervision of international insurance business.Commenting on the meeting Shelby Weldon, Director of Insurance, Licensing and Authorisations at the Authority said, “We were delighted to host our peer regulators and to participate in the active dialogue and learning.”Items on the agenda included an update on global regulatory issues; OGIS’ input to the work being conducted by the International Association of Insurance Supervisors committees on international regulatory standards; roundtable discussions on supervisory issues and country reports on significant jurisdictional regulatory developments.