The Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas (ICB), in collaboration with the Bahamas Insurance Association (BIA) and the Insurance Institute of the Bahamas (IIB) are pleased to announced that two (2) recipients for the Associates in Captive Insurance (ACI) designation scholarships have been selected.

The scholars for 2017 are Mr. Clement Penn Jr. of CBH Bank Bahamas and Miss. Lorraine Goncalves of BAC Bahamas Bank. “Both candidates were eager to embrace an opportunity for professional development. They have a keen awareness of the benefit of this designation not only to their employers but to the industry as a whole. BFSB continues to pursue opportunities in the captive insurance industry. Providing opportunities such as this for professionals within the sector are an extension of that effort. We wish the scholarship recipients every success in their upcoming educational endeavors’, said Tanya McCartney, CEO & Executive Director of BFSB.

The Associates in Captive Insurance (ACI) designation is offered by the International Center for Captive Insurance Education (ICCIE), which is the first and only comprehensive captive insurance education programme in North America. Courses are relevant to any global insurance domicile. ICCIE was developed in 2004 in direct response to a need expressed by captive insurance professionals for in-depth educational offerings, information on current topics, and a professional designation. ICCIE recruits some of the most recognized names in captive insurance to serve as instructors.