Global experts meet in Barbados to talk captive insurance

Alma L. Figueroa

Carmel Haynes, executive director of BIBA, said the international summit give prominence to “the enormous value of Barbados’ expanding captive insurance industry, the potential for further growth, emerging insurance risks, key economic and regulatory developments and digital advancements in insurance.”

Global and regional experts will tackle topics such as cybersecurity; regulatory changes in Latin American markets; global minimum corporate tax rate; captive fundamentals in business planning; AML regulation of the Barbados insurance industry; the evolving business of pensions and IFRS 17.

Among its delegates are from the United States, Canada, the United Kingdom and the Caribbean, who will gather to explore a wide range of captive insurance management issues.

Monday’s keynote speaker is Oliver Jordan, the chairman of the Financial Services Commission (FSC) – the supraregulatory agency for the insurance sector, mutual funds, securities, pension funds and the credit union sector in Barbados.

Tuesday’s keynote speaker is Daniel Towle, president of the Captive Insurance Companies Association and former director of Financial Services for the State of Vermont in the United States, one of the world’s premier jurisdictions for captives and other international insurance structures.

BRIM is sponsored by financial services giants including RBC Dominion Securities Global Limited, USA Risk Group, Inc., London & Capital, Strategic Risk Solutions, Clarity Life Insurance, Invest Barbados, Summit Asset Management, CIBC FirstCaribbean Bank, Sagicor Life Inc., Integrity Managers, C&W Business, PwC, DGM Captive Management Inc and Darktrace.

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