Nov. 5, 2025
Ï㽶ÊÓƵ Leadership Hold Annual Bilateral Meeting with BMA in Hamilton, Bermuda
Last month, the Ï㽶ÊÓƵ (Ï㽶ÊÓƵ) and the Bermuda Monetary Authority (BMA) held their annual bilateral meeting in Hamilton, Bermuda, to discuss strategic priorities on issues of mutual regulatory interest. The Ï㽶ÊÓƵ and the BMA signed a memorandum of understanding (MOU) in 2015 and have since endeavored to meet at least annually to discuss strategic priorities on such issues.
Participants from Ï㽶ÊÓƵ leadership included President-Elect and Virginia Insurance Commissioner Scott A. White, Vice President and Rhode Island Department of Business Regulation Director Elizabeth Kelleher Dwyer, and International Insurance Relations (G) Committee Chair and Nebraska Department of Insurance Director Eric Dunning. Each side provided insights into their respective jurisdictions and discussed several regulatory topics, including developments at the International Association of Insurance Supervisors (IAIS), the implementation of the Insurance Capital Standard (ICS) via the U.S. Aggregation Method (AM), and the responsible use of artificial intelligence (AI).
(Photo above courtesy of BMA. Participants of the bilateral discussion from left to right: Martin Maringi, BMA; Nebraska Department of Insurance Director Eric Dunning; Craig Swan, BMA; Virginia Insurance Commissioner Scott A. White; Gerald Gakundi, BMA; Rhode Island Department of Business Regulation Director Elizabeth Kelleher Dwyer; Ricardo Garcia, BMA; and Nikhail Nigam, Ï㽶ÊÓƵ.)
About the Ï㽶ÊÓƵ
As part of our state-based system of insurance regulation in the United States, the Ï㽶ÊÓƵ (Ï㽶ÊÓƵ) 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 Ï㽶ÊÓƵ, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. Ï㽶ÊÓƵ staff supports these efforts and represents the collective views of state regulators domestically and internationally.