Venue: Governor's Ballroom, British Colonial Hilton Hotel
BFSB and Association Partners the Bahamas Institute of Chartered Accountants (BICA) and the Insurance Institute of the Bahamas (IIB), in collaboration with Corporate Sponsors KPMG and RBC Wealth Management, will host a one-day insurance orientation seminar for the local business community. The event is scheduled to be held at the British Colonial Hilton Hotel on Monday, September 20, starting at 9:00 a.m. The overriding objective of this exercise is to build awareness on the domestic front of the Captive sector and related opportunities.
Overview of Sessions
Alan Morris will provide a general insurance/reinsurance overview, with emphasis on insurance as a business and the potential business opportunities for domestic service providers. He will also head the Captives 101 session providing participants with a comprehensive overview of this insurance product, including types and uses.
Ron Sulisz will present on the Global Captive Marketplace, including statistics, comparative differences, and niche markets of particular domiciles. Mr. Sulisz will speak as well to Regulatory & Captive Governance, concentrating on the regulatory concerns of an international captive from a non-Bahamian captive owner perspective. The session will discuss the appropriate captive governance structure to ensure that the captive is being managed appropriately from the international domicile.
Stuart Jessop is on the agenda speaking to Captives and Wealth Management Strategies; specifically, the role of captive insurance within an overall wealth management plan, key features of captive insurance that enable this and some common strategies employed. The session will conclude with a case study on how variable universal life insurance can be utilized as a key element in a wealth management strategy.
David Wade will provide an overview of how the development of an environmental captive niche could attract new business to The Bahamas, as well as the benefits of an environmental captive to potential customers. From first-hand experience, he will provide details on what is involved in the structuring of an environmental captive and a general understanding of the scope of work required to successfully set up and run one, including how it could be sold to international business.
The Captive Taxation session, headed by T.C. Leshikar will address the U.S. Tax aspects of Captive Insurance companies including the background of U.S. tax policy regarding Captives and the various U.S. Tax filing requirements of Captives.
Finally, Benno Raeber will address seminar participants on The Segregated Accounts Company (SAC), speaking to the impact on life and casualty companies
e-Reg Form_Captives Insurance Seminar