A leading captive insurance expert believes The Bahamas is positioning itself to become the “Gold Standard” for SME captives, some of which are structured as 831(b) companies. Peter Strauss of The Strauss Law Firm LLC who was the guest speaker at an insurance industry briefing on Wednesday June 26 co-sponsored by the Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas (ICB) said The Bahamas has made tremendous strides in captives in just two years, comparing The Bahamas to the state of Vermont which is well known within the captives industry. His presentation “WHY The Bahamas for Captives” followed a series of briefings and updates by industry Regulators and noted the primary advantages of The Bahamas as being competitive regulatory capital, accessibility, lifestyle and luxury options, deep and established financial infrastructure, and flexible regulation -- all being conducive to a flourishing captives business.
BFSB
The Bahamas Can Be The Gold Standard for SME Captives
Thursday June 27th, 2013
Insurance Industry Briefing