By Marlon Madden
Newly-appointed Chief Executive Officer of the Financial Services Commission (FSC) Warrick Ward is reporting continued interest in Barbados as a domicile for international business firms.
He gave the report on Thursday, while pointing to the continued growth in captive insurance companies choosing Barbados as their headquarters.
“The bulk of the captive insurance business continues to originate from Canada, which accounts
SECTOR WARNS AGAINST ONE-SIZE-FITS-ALL APPROACH FOR CAPTIVES
By Marlon Madden
Officials of the global business community are warning regulators that new corporate governance guidelines could put significant pressure on micro captive insurance companies, making the jurisdiction unattractive for them to domicile.
President of the Barbados International Business Association (BIBA) Jamar Arthur-Selman raised the issue on Thursday.
He said while he was thankful that Barbados
Companies of all shapes, sizes and industries are evaluating their alternative risk financing strategies in response to the continued hard market conditions, according to a session at the Barbados Risk.