LONDON – Gov. Pete Ricketts and leaders from Nebraska's insurance industry met Monday with the Association of British Insurers at its London headquarters. The roundtable was part of Ricketts' trade mission to the United Kingdom and Ireland, which coincides with the Nebraska football team's season-opening game in Dublin.

“States across America look to Nebraska for guidance when developing regulatory frameworks,” said Gov. Ricketts.  “Our reputation for fair, consistent, and transparent regulation has drawn investment from domestic and international insurers alike. The United Kingdom’s insurance industry is the largest in Europe, with a track record of innovation."

“Collaboration is key to encourage growth and innovation, and the US insurance market is well-developed and one we have a strong bilateral relationship with,” said Charlotte Clark, the ABI’s Director of Regulation.  “Nebraska is a key part of that market. We are always looking for ways to learn from, and share our own knowledge with, other markets."

Nebraska has more than 120 domestic insurers and ranks first nationally in total capital and surplus with $395 billion.  These insurers represent more than $949 billion in total assets, ranking Nebraska third nationally. Domestic insurers in the Cornhusker State employ 16,000 Nebraskans.

The Association of British Insurers represents over 200 member companies.  Collectively, its members manage investments of nearly £1.7 trillion.