Bahamas Financial Services Board Attends Captive Insurance Conference

March 16, 2018By @BahamasFSBBFSB News, Industry News, Insurance

Pictured Left to Right are: Candice Bain (Bahamas Cooperative League), Indira Munroe-Farrington (BFSB), Sinead Bethel (ICB), Santia Dean (BFSB) and Phelice Jones (ICB)   On March 12th and 13th the Captive Insurance Companies Association (CICA) held its annual International Conference in Scottsdale, Arizona under the theme “The Challenge Of Change”. Captive Insurance continues to be … Read More

ASSOCIATE IN CAPTIVE INSURANCE (ACI) SCHOLARSHIPS AWARDED

October 12, 2017By @BahamasFSBBFSB News, Industry News, Insurance

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 … Read More

Industry Scholarships for Associates in Captive Insurance (ACI) Designation

August 2, 2017By @BahamasFSBBFSB News, Education & Training, Industry News, Insurance

BFSB and the Insurance Commission of The Bahamas are partnering again to provide two (2) full scholarships for the Associates in Captive Insurance (ACI) designation offered by the International Center for Captive Insurance Education (ICCIE). ICCIE was developed in response to a need expressed by captive insurance professionals for in-depth educational offerings, information on current … Read More

BMS and KPMG: A NATIONAL HEALTH INSURANCE (NHI) SYMPOSIUM

January 17, 2017By @BahamasFSBBFSB News, Education & Training, Insurance

On Monday, January 16th 2017 The Bahamas Millennial Society (BMS), a networking and mentoring organisation for millennials employed in the financial services sector, participated in a National Health Insurance (NHI) Symposium hosted by KPMG – a BFSB member firm. The speakers for the session were Mark Britnell, KPMG’s Global HealthCare Partner, as well as Dr. … Read More

Accountants on the Business Front Line – With Strong Role in National Development

November 14, 2016By @BahamasFSBBusiness, Insurance, The Economy

The Rt. Hon. Perry G. Christie delivered Opening Remarks at the 2016 Accountants Week series of seminars today. The [Bahamas Institute of Chartered Accountants](http://www.bica.bs/) (BICA) is partnering with the American Institute of Certified Public Accountants to host the seminars under the theme, ‘Capitalising on Our Past and Building Opportunities for the Future’, and PM Christie … Read More

A.M. Best Affirms Credit Ratings of Bahamas Insurers

October 25, 2016By @BahamasFSBBusiness, Industry News, Insurance, Members in the News

A.M. Best has affirmed credit – financial strength and long-term issuer credit (ICR) – ratings for Colina Insurance Limited, Family Guardian Insurance Company and Summit Insurance Company Limited. It also affirmed the long-term ICR for Colina Holdings Bahamas Limited and FamGuard Corporation Limited. See: * [Colina Insurance/Colina Holdings](http://www.businesswire.com/news/home/20161025006706/en/A.M.-Affirms-Credit-Ratings-Colina-Insurance-Limited) * [Family Guardian Insurance Company Ltd,/FamGuard Corporation … Read More

Another Insurance Professional Attains ACI Status

September 14, 2016By @BahamasFSBBFSB News, Education & Training, Industry News, Insurance

The International Center for Captive Insurance Education (ICCIE) has confirmed that yet another professional within The Bahamas’ insurance sector has attained the Associates in Captive Insurance (ACI) designation, having successfully completed the very comprehensive training programme. The third designee since January is Sanchez Brooks, Business Support Manager at NUA Insurance Agents and Brokers. Sanchez says, … Read More

BEPS Discussion Draft – Banking and Insurance Sectors

July 28, 2016By @BahamasFSBIndustry News, Insurance, International Issues

The OECD is inviting interested parties to provide comments on a [discussion draft](http://www.oecd.org/tax/aggressive/discussion-draft-beps-action-4-banking-and-insurance-sector.pdf) which deals with approaches to address BEPS involving interest in the banking and insurance sectors under Action 4 (Interest deductions and other financial payments) of the [BEPS Action Plan](http://www.oecd.org/ctp/BEPSActionPlan.pdf). Comments are to be submitted by 8 September 2016. [OECD Release](http://www.oecd.org/tax/beps/oecd-releases-discussion-draft-on-beps-action-4-approaches-to-address-beps-involving-interest-in-the-banking-and-insurance-sectors.htm?utm_source=Adestra&utm_medium=email&utm_content=Read%20the%20full%20press%20release&utm_campaign=Tax%20News%20Alert%2028-07-2016&utm_term=demo)

Second Bahamian Insurance Professional Achieves ACI Designation

June 30, 2016By @BahamasFSBBFSB News, Education & Training, Industry News, Insurance

Yolanda G. Moss, an Account Executive at J.S. Johnson & Co., is the second local insurance sector practitioner to qualify for the Associates in Captive Insurance (ACI) designation. She already held the ACII (Advance Diploma in Insurance) qualification from the Chartered Insurance Institute (UK). The International Center for Captive Insurance Education (ICCIE), based in Vermont, … Read More

Captives Will Find Advantages in The Bahamas

May 30, 2016By @BahamasFSBIndustry News, Insurance, Newsletter

With a wealth management pedigree unmatched in the region The Bahamas is strategically cultivating captive insurance as an important addition to its growing and impressive array of financial services. The Bahamas, which marked 40 years of independence in 2013, offers a number of advantages as a jurisdiction of choice to captive insurance companies, including: * … Read More