Overview
What is Association Of Bermuda Insurers And Reinsurers?
The Association of Bermuda Insurers and Reinsurers is a nonprofit organization based in Washington, D.C. With a small team of just two individuals, their primary mission is to represent the public policy interests of Bermuda's Class 4 insurers and reinsurers. This role involves advocating for policies that benefit these entities, thereby contributing to the broader financial and insurance sectors in Bermuda. The organization's activities are centered around promoting and protecting the interests of its member companies.
Is Association Of Bermuda Insurers And Reinsurers legitimate?
Association Of Bermuda Insurers And Reinsurers is a legitimate nonprofit organization registered as a 501(c)(6) entity. Association Of Bermuda Insurers And Reinsurers submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $904,346
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,872
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What is the mission statement of Association Of Bermuda Insurers And Reinsurers?
The Association of Bermuda Insurers and Reinsurers serves to represent the public policy interests of Bermuda's Class 4 insurers and reinsurers. Their mission is primarily focused on advocating on behalf of these entities in various capacities. By doing so, they aim to influence policies that are beneficial to the Class 4 insurance and reinsurance sector in Bermuda. Their activities are geared towards protecting and promoting the interests of their member companies.
Who is the CEO of Association Of Bermuda Insurers And Reinsurers?
John M Huff is the President of Association Of Bermuda Insurers And Reinsurers.
What is the revenue of Association Of Bermuda Insurers And Reinsurers?
Association Of Bermuda Insurers And Reinsurers's revenue in 2022 was $1,916,872.
Who are the executives of Association Of Bermuda Insurers And Reinsurers and what are their salaries?
The average compensation at Association Of Bermuda Insurers And Reinsurers during 2022 was $488,109. There are 2 employees at Association Of Bermuda Insurers And Reinsurers.
There is 1 key member and their salary:
- Compensation: $840,851
- Related: $0
- Other: $63,495
Where can I find the form 990 for Association Of Bermuda Insurers And Reinsurers?
Association Of Bermuda Insurers And Reinsurers's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Association Of Bermuda Insurers And Reinsurers
The Association of Bermuda Insurers and Reinsurers serves as a representative for the public policy interests of Bermuda's Class 4 insurers and reinsurers. This nonprofit organization's mission is to advocate on behalf of these entities, ensuring their interests are heard and considered in various policy discussions. By representing Bermuda's Class 4 insurers and reinsurers, the Association of Bermuda Insurers and Reinsurers plays a vital role in shaping policies that impact the insurance and reinsurance industries within Bermuda. The organization's dedication to representing these entities helps to maintain a favorable regulatory environment for their operations, ultimately contributing to the overall success of the industry in Bermuda.
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Impact
October, 2024
The Association of Bermuda Insurers and Reinsurers (ABIR) plays a crucial role in representing the public policy interests of Bermuda's Class 4 insurers and reinsurers. By advocating for policies that support the unique needs and objectives of its members, ABIR helps to enhance the stability and competitiveness of the insurance and reinsurance industry in Bermuda. This representation ensures that the perspectives of these key players are heard in discussions that shape regulatory frameworks and industry standards, fostering a favorable environment for business operations.
ABIR’s impact extends beyond individual companies, influencing broader economic conditions in Bermuda and contributing to community improvement through its commitment to maintaining a thriving insurance sector. The organization facilitates collaboration among its members, promoting best practices and innovation in the industry, which ultimately benefits policyholders and stakeholders alike. By positioning Bermuda as a leading hub for insurers and reinsurers, ABIR supports job creation and economic growth in the region.
This information is meant to be a general summary of Association Of Bermuda Insurers And Reinsurers. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,845,000
- Gross Receipts: $1,916,872
Assets and Liabilities:
- Total Assets: $547,064
- Total Liabilities: $0
- Net Assets: $547,064
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,845,000
Organization Details
Founding Year
2006
Phone
(202) 783-2434Principal Officer
John M Huff
Main Address
600 PENNSYLVANIA AV SE FR2 15872, WASHINGTON, DC, 200039998
NTEE Category
Code: S41 - Community improvement
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