Senior officials from the Bermuda Monetary Authority have held talks in Frankfurt with the chairwoman of the European Insurance and Occupational Pensions Authority, focusing on financial stability, pensions and insurance regulation.

Petra Hielkema said on LinkedIn that she had a “very constructive exchange” with the BMA chief executive Craig Swan and managing director Ricardo Garcia, noting Bermuda’s major role in global insurance and reinsurance.

Discussions covered the current macroeconomic environment and EIOPA’s work on financial stability.

While markets remain broadly stable, the participants agreed on the need for continued vigilance, particularly around trade and fiscal developments, rising credit risks and potential late-cycle pressures on insurers’ investment portfolios.

The meeting also touched on the rapid growth of artificial intelligence-driven markets. Ms Hielkema noted that strong financial performance in this area had been accompanied by higher levels of debt and required caution.

Regulatory issues were also on the agenda, including Solvency II, equivalence, forthcoming regulatory developments and international priorities within the International Association of Insurance Supervisors.

Ms Hielkema thanked the BMA officials for travelling to Frankfurt and said she looked forward to continuing the dialogue.

EIOPA is an EU agency based in Frankfurt and is one of three European supervisory authorities that, together with the European Systemic Risk Board, form the European System of Financial Supervision. It aims to strengthen consumer protection and financial stability across Europe.