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  • ABIR Statement on Resignation of Florida Insurance Commissioner Kevin McCarty

    Press Releases | 01.06.2016

    ABIR Press Release
    For Immediate Release

    Contact: Brad Kading | Bradley.Kading@abir.bm | @abir_bermuda

    ABIR Statement on Resignation of Florida Insurance Commissioner Kevin McCarty

    Hamilton, Bermuda (January 6, 2016) – The Association of Bermuda Insurers and Reinsurers (ABIR) today released the following statement on the resignation of Kevin McCarty, who has been Florida’s Insurance Commissioner since the office was created in 2003.

    “Commissioner McCarty has been a leader in property insurance regulation in Florida and his dedication to shifting the risk associated with hurricanes away from residents and businesses and onto private markets should be noted. Commissioner McCarty has worked hard to reduce the likelihood of future hurricane taxes in Florida, a legacy that keeps billions of dollars in the wallets and purses of Floridians and businesses statewide.”

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    About ABIR: The Association of Bermuda Insurers and Reinsurers (ABIR) represents 20 commercial insurers and reinsurers with underwriting operations in Bermuda. Bermuda is the center of global expertise on underwriting for catastrophe risk transfer products and other specialty insurance and reinsurance. For more information, please visit: www.abir.bm.