Biltir joins global organisation
Bermuda International Long Term Insurers and Reinsurers has been accepted as a member of the Global Federation of Insurance Associations.
GFIA, whose 41 member associations represent 89 per cent of global insurance premiums worldwide, unanimously accepted Biltir as a member at its virtual general assembly on June 3. GFIA is a non-profit association which serves national and regional insurance associations in the life, health, general insurance and reinsurance sectors, and represents them to national governments and international regulators.
“GFIA is a world-renowned association that endeavours to support insurance activities globally,” said Biltir executive director Ronnie Klein. “Biltir is honoured to become its 41st member and we are eager to join many of the working committees to learn and contribute.”
Biltir represents 61 long-term insurance, reinsurance and servicing companies in Bermuda who provide life and annuity products and employ 540 people locally.