The Bahamas Financial Services Board (BFSB), in collaboration with the Insurance Commission of The Bahamas (ICB) and the Insurance Institute of The Bahamas (IIB), will host a half-day seminar on the basics of forming and operating a captive insurance company. The leader of the seminar, scheduled for November 26, at the British Colonial Hilton Hotel, will be Marcy Waterfall, a Senior Vice President in the Vermont office of Marsh’s Captive Solutions Group. The programme also includes a presentation from The ICB, who will speak on the regulatory environment for service providers.
The event will be of relevance to anyone new to the captive insurance industry – or anyone that just wants to reinforce what they already know. Captive Insurance Basics has been structured as an introductory level seminar that will cover the basics (Captives 101 approach) and will include: Typical Structures, Benefits of a Captive Program, Feasibility analysis, Forming a captive, Operating a captive, Regulatory considerations, and Accounting and tax considerations. Included in the programme will be case studies.
For nearly 20 years, Marcy has been helping companies form and operate captive insurance companies. She is a graduate of the University of California at Berkeley. She is also a Certified Public Accountant (CPA) and holds the Associate in Risk Management (ARM) designation from the Insurance Institute of America.
Marsh is the world leader in delivering risk and insurance services and solutions to clients. It provides global risk management, risk consulting, insurance broking, alternative risk financing, and insurance program management services for businesses, public entities, associations, professional services organizations, and private clients. Marsh’s Captive Solutions Group has more than 450 employees dedicated to captive management for more than 1,220 captives worldwide.