The National Association of Insurance Commissioners selected an employee of the Division of Banking, Insurance and Financial Regulation to attend the annual Lloyd’s International Regulators’ Program in London, England, in the fall. Martin Emanuel Sr., who has served as a financial services examiner with the division for 26 years and is the analyst for Lloyd’s financial filings in the territory, is the first Virgin Islander to have been selected to attend this program, which will be held Sept. 10-15, according to a press release issued Friday by the Office of the Lieutenant Governor.
The Lloyd’s International Regulators Program is designed to provide an in-depth look into the operations of Lloyd’s and the London market. The program covers a range of topics, both on insurance and reinsurance issues, that are delivered by industry experts. Invitations for this event were extended to supervisory leaders in 15 countries throughout six continents. It is aimed at directors or senior staff with principal responsibility for insurance supervision or regulation who are interested in extending their knowledge of other supervisory environments. Lloyd’s will sponsor the full cost of Emanuel’s travel expense.
“I am pleased that the U.S. Virgin Islands will be represented at this prestigious program. Mr. Emanuel will bring back a wealth of information that will further enhance the division’s regulation of the insurance industry and protection of consumer rights in the Virgin Islands. I am grateful to Lloyd’s for selecting Mr. Emanuel and for affording the division the opportunity to expand its knowledge of the industry especially during this time when we are faced with many insurance challenges post hurricanes Irma and Maria,” said Lt. Gov. Osbert Potter, who also serves in the capacity as the Commissioner of Insurance.