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Bermuda executives to attend NAIC Insurance Forum

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Pina Albo, chair of the Association of Bermuda Insurers and Reinsurers and CEO of Hamilton Insurance Group (File photograph)

Pina Albo, chair of the Association of Bermuda Insurers and Reinsurers and CEO of Hamilton Insurance Group Ltd, will be a CEO panellist at the National Association of Insurance Commissioners 2024 International Insurance Forum in Washington DC later this month.

Also presenting at the event will be Craig Swan, CEO of the Bermuda Monetary Authority, on a panel focused on navigating the changing investment landscape; and Mark Lomas, head of Culture at Lloyd’s of London, in a discussion on how diversity, equity and inclusion is taking shape in the insurance industry.

Ms Albo and John Huff, CEO of Abir and past president of the NAIC, will also sit down with officials at the US Department of Treasury, Federal Insurance Office.

Ms Albo’s public appearance involves a presentation during the opening panel discussion, “Forecasting 2025 — Views from the C-suite”, which will touch on topics including artificial intelligence, climate risk and resiliency, and the impact of higher interest rates.

Craig Swan, chief executive officer, Bermuda Monetary Authority (File photograph)

She commented: “I’m honoured to participate in the NAIC’s prestigious, international event. The discussion on the technological change and evolving risks facing the insurance industry speaks to Bermuda’s strengths as a market with the talent, capital and innovative culture to find solutions to the world’s biggest emerging risks.

“I am proud to lead the latest Bermudian insurer to list as a public company, underscoring the Bermuda market’s global presence, adherence to the highest standards of international regulation, and close links with the United States.”

Mr Huff stated: “The US is Bermuda’s largest trading partner. Since 1997, Bermuda (insurers and) reinsurers have paid more than half a trillion dollars in claims supporting US consumers, businesses and communities in their times of need, particularly following a natural disaster.

“Bermuda will continue to provide protection in a changing risk landscape, through Abir member companies’ market-leading ability to match capital with multiple complex risks, including cyber, climate and mortgage risks.”

Other panellists joining Ms Albo will be Jasmine Jirele, CEO, Allianz Life Insurance Company of North America, and Neeti Bhalla Johnson, president, Global Risk Solutions, Liberty Mutual Insurance Company. Jon Godfread, NAIC president-elect and commissioner, North Dakota Insurance Department, will moderate.

Ms Albo has more than 30 years’ experience in the insurance and reinsurance industry. She joined Hamilton in 2018 and oversaw the insurer’s successful business transformation and initial public offering on the New York Stock Exchange in November 2023. She is the first female Chair of Abir, and also serves on the board of directors of the Reinsurance Group of America.

The forum is the flagship annual event of the NAIC, the US standard-setting and regulatory support organisation, governed by the country’s state insurance regulators.

John Huff, CEO of Abir (File photograph)

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Published May 06, 2024 at 5:19 pm (Updated May 06, 2024 at 8:15 pm)

Bermuda executives to attend NAIC Insurance Forum

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