In response to the recent global initiatives targeting offshore financial centers, the Bahamian government has taken steps to bolster its financial services sector through the enhancement of legislation regulating offshore … Read More
Insurance
A.M. Best Affirms Ratings of RoyalStar Assurance Limited
[A.M. Best Co.](http://www.ambest.com) has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of [RoyalStar Assurance Limited ](http://www.rsabahamas.com/)(RSA) of Nassau, Bahamas. The outlook for both … Read More
Captive Insurance in The Bahamas
In moving the first reading and committal for the External Insurance Act in the Senate, Sen. The Hon. Dion Foulkes, Minister of Labour & Social Development, pointed out the recent … Read More
Regulating the Insurance Sector
Today in the House of Assembly, Parliamentarians approved three insurance sector and related bills, effectively passing the ***Insurance Amendment Act 2009***, the ***Companies Amendment Act, 2009*** and the ***External Insurance … Read More
Insurance Business in The Bahamas
Registrar Lennox McCartney presented remarks to participants in the recent Bahamas Briefing 2008: *It is my pleasure to address you today on activities of the office of the Registrar of … Read More
ORIC Updates
##Training Initiatives## In September 2008 Mr. S. Mark Bethel, insurance trainee analyst, and Mrs. Patrice McDonald, insurance assessor, attended the Captive Insurance Supervisors workshop hosted by the Cayman Islands Monetary … Read More
Insurance Sector Developments
The Government of the Bahamas has indicated that it recognises the importance of the financial services industry to the Bahamas. It has also been recognised that the financial services industry, … Read More
Insurance Regulatory Update
The Bahamas has always had market friendly insurance legislation in place. The new draft External Insurance Bill represents a major initiative by the Government of The Bahamas to stay on … Read More
Captive Insurance
***Reasons for forming a captive insurance company..*** There are many reasons for forming a captive and, in most cases, the captive’s sponsors will expect to benefit in a variety of … Read More
The Bahamas: An Established, Progressive and Welcoming Home for Insurance Business
Choice of offshore domicile is the first, and for some, the most important question. The Bahamas, an established, progressive and welcoming insurance jurisdiction offers a number of compelling competitive advantages. … Read More