~ Focus on Strengthening Bermuda’s Insurance Industry ~
On the first day of the Eurofi Financial Forum in Warsaw, Poland, the Premier, the Hon. David Burt, JP, MP, and the Bermuda delegation, participated in a series of high-level meetings that focused on ensuring that Bermuda’s insurance sector remains strong.
The public will be aware that Premier Burt is leading a delegation of Bermuda Government officials and representatives from the Bermuda Monetary Authority (BMA) to Europe for official business meetings.
And today, Premier Burt attended a key panel discussion that featured members of the BMA.
The Premier met with leaders on the European insurance sector, including Petra Hielkema, the Chairperson of the European Insurance and Occupational Pensions Authority (EIOPA) and Thea Utoft Ho Jensen, Director General of Insurance Europe.
Premier Burt also reconnected with Florian Wimber, Head of European and International Affairs for the German Insurance Association, whom he met on his previous official travel to the EU in September.
The final meeting of the day was held with Jean-Paul Servais, Chairman of the Financial Services and Markets Authority (FSMA – Belgium) and Chair of the International Organization of Securities Commissions (IOSCO), representing over 130 national authorities worldwide. The discussions centered around emerging issues in global financial services.
The Premier noted that all meetings were productive, with international stakeholders recognizing the critical role the BMA has played in shaping Bermuda’s reputation as a leader in the global insurance market. There was strong acknowledgment of Bermuda’s position and the importance of continued engagement with both the Government and regulatory authorities.
Premier Burt stated, “Fostering ongoing relationships is crucial to strengthening Bermuda’s position as a vital player in the international insurance industry. Through these engagements, we are not only enhancing our global standing but also securing long-term growth and stability for the Bermudian economy.”
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