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Date: 26 Aug, 2014
Source: Invest Barbados

Barbados will be highlighted as a premier domicile for international insurance at the 2014 RIMS Canada Conference, which will be held from September 14-17 in Winnipeg, Manitoba.

This year, the Barbados delegation will comprise a total of 12 delegates from both the private and public sector, including three representatives from Invest Barbados. A number of service providers from captive insurance management companies and international banking will be represented, along with Barbados’ international business umbrella body, the Barbados International Business Association (BIBA). Leading the delegation will be Mr. Randy Graham, Chief Executive Officer of the Financial Services Commission.

Mr. Ricardo O. Knight, President and Chief Executive Officer of JLT Barbados will participate in the panel dicussion titled, Captives as an Integral Part of the Risk Manager’s Toolkit. This session will discuss the changing landscape for captive insurers, how they manage volatility and address new risk areas such as cyber risk. The session will also address alternative captive formats, captive successes, current trends in Canada and captive risk related flexibility.

The other 10 delegates are:

Amphora Captive Insurance Managers
Mr. M. Scott Stollmeyer (Vice President)

AON Insurance Managers (B’dos) Limited
Mr. Vinston Hampden (Managing Director)

Mr. Henderson Holmes (Executive Director)

Brookfield International Bank Inc
Mr. Gregory Mc Connie (President & CEO)
Mrs. Terry Gittens (Chief Financial Officer)

DGM Captive Management Inc.
Mr. Marlon Waldron (Vice President, Management Services)

Invest Barbados
Ms. Emeline Taitt (Chief Executive Officer)
Mrs. Ann Mellows (Senior Business Development Officer)
Mr. Neil Weekes (Business Development Officer)

JLT Barbados
Mr. Kirk Cyrus (Vice President)

During the RIMS Canada Conference, the Barbados showcase will be located at booth #29. The members of the Barbados delegation will share with prospective investors why Barbados is an attractive domicile for captive insurance business.

Barbados has been attracting international insurance companies to its shores for decades and is ranked among the top ten captive domiciles. Click here to view the advantages of locating an international insurance company in Barbados. As of January 31, 2014, there were 179 active Exempt Insurance Companies and 45 active Qualifying Insurance Companies in Barbados. Of the total number of active companies, approximately 54% originated from Canada.