Executives from the Association of Bermuda Insurers and Reinsurers recently hosted leaders from a US standard-setting and regulatory support body.

The meeting with the National Association of Insurance Commissioners took place last week and involved discussions on market trends and matters of mutual interest.

John Huff, Abir chief executive said: “We were pleased to welcome our guests from the NAIC.

“The open dialogue we enjoy with these regulatory leaders helps to maintain the long-established and successful relationship between the Bermuda reinsurance market and our largest trading partner, the United States.”

Executives from Abir member companies spoke with visiting regulators Andrew Mais, NAIC president and Connecticut Insurance Department Commissioner; Jon Godfread, NAIC president-elect and North Dakota Insurance Department Commissioner; and Eric Dunning, NAIC International Insurance Relations Committee Chair and Nebraska Department of Insurance Director.

The dialogue covered market topics including climate risk, cyber-risk, speciality reinsurance and reinsurers’ capacity.

During the visit, the NAIC delegation also held its annual meeting with leaders of financial regulator, the Bermuda Monetary Authority.