BILTIR forms team for international engagement
Bermuda International Long Term Insurers and Reinsurers (BILTIR) has formed a Global Advocacy Committee to engage on international issues which affect the Island’s life insurance sector.
The committee will work with other business associations and stakeholders to ensure Bermuda maintains its strong reputation as a competitive and leading international financial centre. It will interact with regulators, governments, BILTIR members, clients, and advocacy groups to actively communicate Bermuda’s strengths as one of the world’s largest and most sophisticated commercial insurance marketplaces.
“Bermuda’s life reinsurance industry is highly respected internationally, and the BMA is recognised as a world class regulator,” said BILTIR’s executive director, Martin Laframboise. “However, that message is not as widely known as it should be. Our new committee will ensure that we consistently communicate Bermuda’s strengths as a prudent compliant jurisdiction to other stakeholders around the world.”
The Global Advocacy Committee members will be:
- Chair: John Hele, president and chief operating officer of Resolution Life Group Holdings, and BILTIR board member;
- Vice-chair: Brad Adderley, managing partner of Appleby Bermuda;
- Secretary: Cyle Allen, legal counsel at Athene;
- Executive director (US): Tracey Laws, head of government affairs at Athene
- Executive director (Asia): Niall O’Hare, founder and chief executive officer (CEO) of Triangle Life Bermuda
- Executive director (EU/UK): Steve Hales, CEO of Resolution Re
- Executive director (Global): Yibo Hu, chief risk officer of Somerset Re.
BILTIR represents 68 member companies within Bermuda’s life and annuity re/insurance marketplace, which serves to provide protection and financial stability to families and individuals.
