The Bahamas Investor

...ncial Services, and Allen, who both presented the “Why The Bahamas” story; Michele Fields, superintendent of the Insurance Commission of The Bahamas , who discussed regulatory issues; and Lorraine Stack, a senior vice president with the Marsh Captive Solutions Group, who provided a practical business perspective on captives. Pictured: Panelists (in addition to Aliya Allen) included Ryan Pinder, Michele Fields, and Lorraine Stack. (Photos courtesy......

...are seeing growing interest in The Bahamas.” The key message according to Michele Fields , ICB’s superintendent, is that the Bahamas’ regulatory environment offers the efficiency and flexibility to meet the business needs of entities in a constantly evolving market driven by regulatory and competitive pressures. “We have worked hard to establish an effective regulatory regime that provides a clear path to establish captive entities in The Bahamas......

Pictured: Michele Fields, superintendent of insurance, speaks at a press conference, June 25, 2019 at the Poinciana House offices. (BIS Photos/Raymond A. Bethel, Sr.) The Insurance Commission of The Bahamas(ICB ) is celebrating its 10th year anniversary as an independent regulator. The commission hosted a press conference at its headquarters on East Bay Street, June 25, 2019 to announce plans to recognize this milestone. On July 2, 2009 a new Ins......

The 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......

...nd agents and 1,500 salespersons. An ICB commissioner since its inception, Michele Fields was appointed superintendent of insurance at the beginning of this year. 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......

...h UBS’ Wealth Management division chief executive officer Jürg Zeltner and Michele Fields, the newly appointed superintendent of the Insurance Commission of The Bahamas, as well as a profile of Cheryl Bazard, founding president of the Bahamas Association of Compliance Officers (BACO). Heading the Investment section of this issue is the Bimini Bay Resort and Marina, which is poised to expand further with the groundbreaking of the neighbouring luxur......

...ance sector, as well as gain knowledge on current international standards. Michele Fields, superintendent at the Insurance Commission of The Bahamas (ICB), is attending the event, representing the ICB and The Bahamas. This year’s programme includes panels on financial stability, ComFrame, recent revisions to the IAIS’ Insurance Core Principles (ICPs), and access to insurance. “We are pleased once again to have enjoyed the participation of so many......

...Superintendent of Insurance with the Insurance Commission of The Bahamas , Michele Fields, also spoke at the opening ceremony, stressing the importance of attending workshops and networking to improve skills. “We, as supervisors, must continually avail ourselves with training opportunities like this workshop,” she said. “[We need to be] enhancing our monitoring and analysis and implementing focused on-site examinations. This facilitates a more foc......

...boundaries.” More than 10,000 delegates participated in RIMS 2013. The Bahamas delegation consisted of Aliya Allen and Janelle Sands from BFSB and superintendent Michele Fields of the ICB, accompanied by Patrice McDonald and Kimberly Kemp-Rolle, also of the ICB.......

...tor and in the captives industry in particular. Superintendent of the ICB, Michele Fields, provided welcome remarks speaking to the regulator’s strategy of adhering to international best practices and ensuring an effective regime, with a focus on an integrated approach to the supervision of the domestic and international sectors. Arvind Baghel, head of insurance supervision at the ICB, addressed participants on the “Supervisory standards for capti......

...tor.” BFSB has been attending CICA annually since 2010. ICB superintendent Michele Fields adds: “Attendance at CICA is important for the commission as emerging issues regarding the captive insurance industry are discussed. The commission is pleased to support BFSB in the promotion of The Bahamas as a captive domicile.” CICA president Dennis Harwick notes that this year’s conference is designed to explore the strategic advantages of captives relate......

...arn from industry experts. Annually, more than 10,000 persons attend RIMS. Michele Fields, superintendent of insurance at ICB, says, “The Insurance Commission regards attendance at RIMS as necessary both for the development of our staff and for the promotion of The Bahamas as a captive domicile. The broad range of topics covered at the conference enables attendees of all levels of experience to expand their knowledge and to enhance their awareness......

...Representatives of Morgan White Administrators (Bahamas) paid a courtesy call on Michele Fields, superintendent of the Insurance Commission of The Bahamas, at Charlotte House, August 20, 2014.......

...briefing will also include a regulatory perspectives presentation by Mrs. Michele Fields, superintendent of the Insurance Commission of The Bahamas, as well as an overview of life insurance and the high-net-worth individual (HNWI) by Guillaume Bouffard and Paul Cooper, Co-Founders of Premium Life Insurance Ltd in Nassau. Their presentation will speak to what makes The Bahamas a competitive market place for HNWIs in terms of insurance solutions. I......

...he captive space to a position of 23rd in the world by number of captives. Michele Fields, superintendent of the Insurance Commission of The Bahamas, provided a regulatory environment update on the external insurance sector, and the ongoing risk-based supervision (proportional regulatory regime) undertaken by the commission. She stressed the opportunity for innovation arising from developments both locally and internationally, coupled with a chang......