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Insurance Commission appoints new superintendent

The Insurance Commission of The Bahamas has appointed industry veteran Michele Fields as Superintendent of Insurance. 

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TheBahamasInvestor.com
Friday, February 10, 2012
Friday, February 10, 2012

Michele Fields, Superintendent of insuranceThe Insurance Commission of The Bahamas has announced the appointment of Michele Fields as the Superintendent of Insurance.

Fields is a member of the Institute of Chartered Accountants in England and Wales, having qualified with KPMG (formerly Peat Marwick Mitchell) in London in 1982.

Upon her return to The Bahamas, she was admitted as a member of the Bahamas Institute of Chartered Accountants and worked with KPMG in Nassau from 1982 to 1994.

In 1994, she joined the management team of Global Life Assurance Bahamas Ltd (now Colina Insurance Ltd).

During her tenure at Colina, she held the positions of financial controller, chief risk officer, vice president of group and corporate administration and company secretary of the BISX-listed parent company.


In 2008, she established a consultancy practice providing accounting and business consulting services to companies in a range of industries, including insurance.

Fields has served as a Commissioner at the Insurance Commission of The Bahamas since its inception in 2009.

The commission was established as the regulatory and supervisory body for the insurance industry. It is mandated to protect the interests of the policyholder and does so by ensuring that its licensees conduct business in compliance with the legislation.

Prime Minister Hubert Ingraham (right), meets Michel Joseph Martelly, President of the Republic of Haiti, during a courtesy call at the Office of the Prime Minister, Wednesday, February 8. The President paid an official two-day visit to The Bahamas, meeting with Governor General Sir Arthur Foulkes, senior government ministers and other officials. (BIS Photo/Peter Ramsay)

The Central Bank of The Bahamas has appointed Abhilash Bhachech as inspector of banks and trust companies. He assumes office officially today.

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