April 29, 2021
Regulators Engage in a Virtual Dialogue with Bermuda Monetary Authority
The ÐÓ°ÉÊÓƵ and the Bermuda Monetary Authority (BMA) held a virtual meeting to discuss strategic priorities on issues of mutual regulatory interest. Participants from ÐÓ°ÉÊÓƵ leadership included David Altmaier, ÐÓ°ÉÊÓƵ President and Commissioner, Florida Office of Insurance Regulation; Dean L. Cameron, ÐÓ°ÉÊÓƵ President-Elect, and Director, Idaho Department of Insurance; Chlora Lindley-Myers, ÐÓ°ÉÊÓƵ Vice President and Director, Missouri Department of Commerce and Insurance; Andrew N. Mais, ÐÓ°ÉÊÓƵ Secretary-Treasurer and Commissioner, Connecticut Insurance Department; Gary D. Anderson, Chair, ÐÓ°ÉÊÓƵ International Insurance Relations (G) Committee and Commissioner, Massachusetts Division of Insurance; and Michael F. Consedine, ÐÓ°ÉÊÓƵ Chief Executive Officer (CEO). The ÐÓ°ÉÊÓƵ provided updates on a variety of its initiatives, including climate and resilience, the ÐÓ°ÉÊÓƵ Reciprocal Jurisdiction Framework, global Insurance Capital Standard (ICS) comparability, the State Ahead strategic plan, and responses to COVID-19.
About the ÐÓ°ÉÊÓƵ
As part of our state-based system of insurance regulation in the United States, the ÐÓ°ÉÊÓƵ (ÐÓ°ÉÊÓƵ) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the ÐÓ°ÉÊÓƵ, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. ÐÓ°ÉÊÓƵ staff supports these efforts and represents the collective views of state regulators domestically and internationally.