Bermuda insurance industry representatives used a recent meeting of the National Association of Insurance Commissioners to network with American regulators.

The Bermuda International Long Term Insurers and Reinsurers executives were in Seattle, Washington, for the 2023 NAIC Summer National Meeting from August 12-16.

Executive director Christine Patton and executive adviser Curtis Dickinson, the former Minister of Finance, attended the meeting and connected with the US state insurance commissioners.

It is part of Biltir’s continuing international networking and advocacy efforts, which has included visits to the Insurance Europe conference in Paris on June 7, and The International Association of Insurance Supervisors 2023 Global Seminar in Seattle on June 15 and16.

During this month’s event, NAIC members met in committee sessions to discuss the organisation’s work on issues that are important to insurance consumers and markets, including climate risk, race and insurance, and artificial intelligence.

Mr Dickinson said: “Biltir is continuing its international advocacy efforts by attending key events where we get the opportunity to meet with leading figures and regulators in the life reinsurance industry.

“It is a vital opportunity for Bermuda to stay abreast of the latest developments in the industry as well as to explain the value proposition of the Bermuda market.”

Biltir represents 56 life insurers and reinsurers, together with 21 associate members in Bermuda that provide life and annuity products and employ more than 1,000 people on the island.