Bermuda Official To Chair Reinsurance Task Force
by Mike Godfrey, Lowtax.net, Washington
27 January, 2016
The Bermuda Monetary Authority's (BMA) Deputy Director of Policy and Research, Marcelo Ramella, has been appointed Chair of the International Association of Insurance Supervisors' (IAIS) Reinsurance Task Force.
Jeremy Cox, the CEO of the BMA, said: "Bermuda was a founding member of the IAIS and Marcelo has been actively taking part in the IAIS on the Authority's behalf for 10 years. During this time he has become valued both locally and overseas for his regulatory experience and breadth of knowledge about the global (re)insurance marketplace. This is a good example of the level of credibility Bermuda and the Authority's team holds in the international regulatory community."
Ramella will serve for two years. The mandate of the Reinsurance Task Force is to review and suggest improvements to the international standards for supervising reinsurance.
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