The Bahamas Financial Services Board (BFSB), in collaboration with the Insurance Commission of The Bahamas (ICB) and the Insurance Institute of The Bahamas (IIB), will host a half-day seminar on the basics of forming and operating a captive insurance company.

The leader of the seminar, scheduled for November 26 at the British Colonial Hilton Hotel, will be Marcy Waterfall, a senior vice president in the Vermont office of Marsh’s Captive Solutions Group. The programme also includes a presentation a representative from the ICB, who will speak on the regulatory environment for service providers.

BFSB CEO Aliya Allen says the event will be of relevance to anyone new to the captive insurance industry–or anyone that just wants to reinforce what they already know.

Captive Insurance Basics has been structured as an introductory level seminar that will cover the basics (Captives 101 approach) and will include: typical structures, benefits of a captive programme, feasibility analysis, forming a captive, operating a captive, regulatory considerations, and accounting and tax considerations. Case studies will be included in the programme.