Up to date: Could 06, 2024 05:19 PM
Pina Albo, chair of Affiliation of Bermuda Insurers and Reinsurers and CEO of Hamilton Insurance coverage Group (File {photograph})
Pina Albo, chair of the Affiliation of Bermuda Insurers and Reinsurers and CEO of Hamilton Insurance coverage Group, Ltd will likely be a CEO panellist on the Nationwide Affiliation of Insurance coverage Commissioners 2024 Worldwide Insurance coverage Discussion board in Washington, DC later this month.
Additionally presenting on the occasion will likely be Craig Swan, CEO of the Bermuda Financial Authority, on a panel centered on navigating the altering funding panorama; and Mark Lomas, head of Tradition at Lloyd’s of London, in a dialogue on how variety, fairness and inclusion is taking form within the insurance coverage business.
Ms Albo and John Huff, CEO of Abir and previous president of the NAIC, may also sit down with officers on the US Division of Treasury, Federal Insurance coverage Workplace.
Ms Albo’s public look includes a presentation throughout the opening panel dialogue, “Forecasting 2025 — Views from the C-suite”, which can contact on matters together with synthetic intelligence, local weather danger and resiliency, and the influence of upper rates of interest.
Craig Swan, chief govt officer, Bermuda Financial Authority (File {photograph})
She commented: “I’m honoured to take part within the NAIC’s prestigious, worldwide occasion. The dialogue on the technological change and evolving dangers dealing with the insurance coverage business speaks to Bermuda’s strengths as a market with the expertise, capital and revolutionary tradition to search out options to the world’s greatest rising dangers.
“I’m proud to steer the newest Bermudian insurer to listing as a public firm, underscoring the Bermuda market’s world presence, adherence to the best requirements of worldwide regulation, and shut hyperlinks with america.”
Mr Huff acknowledged: “The US is Bermuda’s largest buying and selling companion. Since 1997, Bermuda (insurers and) reinsurers have paid greater than half a trillion {dollars} in claims supporting US shoppers, companies and communities of their occasions of want, significantly following a pure catastrophe.
“Bermuda will proceed to supply safety in a altering danger panorama, by means of Abir member corporations’ market-leading means to match capital with a number of advanced dangers, together with cyber, local weather and mortgage dangers.”
Different panellists becoming a member of Ms Albo will likely be Jasmine Jirele, CEO, Allianz Life Insurance coverage Firm of North America, and Neeti Bhalla Johnson, president, International Threat Options, Liberty Mutual Insurance coverage Firm. Jon Godfread, NAIC president-elect and commissioner, North Dakota Insurance coverage Division, will reasonable.
Ms Albo has greater than 30 years’ expertise within the insurance coverage and reinsurance business. She joined Hamilton in 2018 and oversaw the insurer’s profitable enterprise transformation and preliminary public providing on the New York Inventory Alternate in November 2023. She is the primary feminine Chair of Abir, and in addition serves on the board of administrators of the Reinsurance Group of America.
The discussion board is the flagship annual occasion of the NAIC, the US standard-setting and regulatory assist organisation, ruled by the nation’s state insurance coverage regulators.
John Huff, CEO of Abir (File {photograph})