BFSB

Captive Audience for Captives 101 Seminar

Tuesday November 26th, 2013

The Bahamas Financial Services Board (BFSB) and industry stakeholders today hosted an introductory session on Captives, responding to interest expressed by the industry. The Governor’s C Ballroom at the British Colonial Hilton was filled to capacity. BFSB CEO Aliya Allen in opening the Seminar spoke to the collaborative effort of BFSB, the Insurance Commission of The Bahamas (ICB), the Ministry of Financial Services, and the Insurance Institute of The Bahamas (IIB) in repositioning The Bahamas as a captive domicile. She referenced a number of initiatives undertaken in each quarter of this year, including CICA and RIMS conference participation, the launch of the Captive Designation programme with the International Center for Captive Insurance Education (ICCIE), and the recent Captives Presentation at the AGM of the Bahamas Shipowners Association in London. She said BFSB and the Cosponsors of today’s seminar welcomed the opportunity to present a “Captives 101” for those new to the industry and as a refresher for those already engaged and/or familiar with the captive sub sector.