U.S. Needs Bermuda to Boost Annuity Supply, Regulators Say
October 16, 2024 by Allison Bell
U.S. regulators are thinking about how Bermuda’s reinsurance market can help create an adequate supply of life insurance policies and annuities as well as the need to maintain high safety standards.
Andrew Mais, the Connecticut insurance commissioner and National Association of Insurance Commissioners president, talked about the product supply problem recently at a life and annuity conference in Bermuda that was organized by Bermuda International Long Term Insurers and Reinsurers.
Mais noted at a BILTIR conference panel about cross-border reinsurance that every NAIC president chooses a theme.