Association of Bermuda Insurers & Reinsurers

The Association of Bermuda Insurers and Reinsurers (ABIR) is a leading organization representing the public policy interests of Bermuda's international insurers and reinsurers. With headquarters in Bermuda and operations in the United States, United Kingdom, and Europe, ABIR's member companies do business in over 150 countries. Since 1993, ABIR has played a vital role in raising the global profile of Bermuda as a top-tier international financial center.

ABIR member companies are known for their expertise in reinsurance, offering innovative approaches to provide re/insurance protection for a wide range of defined risks. They have built a market with international dominance in natural disaster coverage, supporting consumers in the aftermath of devastating losses. In fact, Bermuda's insurers and reinsurers have provided over a quarter of a trillion dollars to rebuild after such disasters.

Operating in over 150 countries, Bermuda's leading insurers and reinsurers understand the importance of sustainable, responsible growth and ensuring insurance products remain affordable and accessible for consumers. ABIR partners with global organizations, such as the Global Federation of Insurance Associations (GFIA) and the Insurance Development Forum (IDF), to achieve common objectives and solidify Bermuda's position as the World's Risk Capital. Reinsurance plays a crucial role in the insurance industry.

It allows insurance companies to manage their risk by sharing it with reinsurers. This helps keep insurance premiums low, expands coverage capacity, and keeps the market stable. Reinsurers absorb risk from around the world, spreading and diversifying it so that insurance companies don't become overexposed.

This benefits consumers by providing more insurance choices at lower prices. ABIR's members employ over 87,000 people globally, including a significant workforce in the United States, Asia, Oceania, the United Kingdom, Europe, and Bermuda. Committed to excellence, ABIR also relies on exceptional broker teams to serve as the jurisdiction's largest brokers, paving the way for others to follow.

John M. Huff, the President, and CEO of ABIR brings a wealth of experience to the organization, having served in executive positions with leading global insurers and reinsurers. As an expert in the insurance industry, Huff is instrumental in directing ABIR's worldwide public policy, regulatory, advocacy, and education initiatives.

Suzanne Williams-Charles, the Director of Policy and Regulation, Corporate Secretary, and Data Privacy Officer, leads ABIR's Bermuda office. She ensures that Bermuda continues to be recognized as a leading reputable financial center by developing policies and fostering government and industry relations. Williams-Charles also oversees ABIR's public outreach agenda and data privacy governance and compliance.

Overall, ABIR is committed to serving clients around the world while ensuring sustainable, responsible growth and relevance in the insurance industry. Their members' expertise in reinsurance and their dedication to providing affordable and accessible insurance products solidify Bermuda's position as the World's Risk Capital