Association of Bermuda Insurers and Reinsurers chief executive John M. Huff and director of policy and regulation Suzanne Williams-Charles, along with its European advisers, recently concluded important talks on the sidelines of Abir’s 16th Annual International Insurance Regulatory Dialogue.

They met Martin Merlin, the director of banking and insurance at the Directorate-General for Financial Stability, Financial Services and Capital Markets Union for the European Commission.

The discussion in the EC’s Brussels offices included topics related to the EU’s Solvency II, Bermuda’s Solvency II equivalence, Bermuda’s effective anti-money laundering/counter-terrorist financing regime, the economic contribution made by Bermuda’s leading international insurers and reinsurers in the protection of European Union consumers, particularly against natural catastrophes, along with the proposed Bermuda Monetary Authority regulatory enhancements expected to be finalised by year end 2023 and effective in the first quarter of 2024.

Abir’s Annual International Insurance Regulatory Dialogue is now a staple on the international insurance sector calendar and held annually on the eve of the Monte Carlo Reinsurance Rendez-Vous.