There is a common misconception that offshore insurance competes with traditional trust and private banking services.<\/p>\n
Nothing could be further from the truth. In fact, offshore insurance companies rarely hold or manage assets – these functions continue to be performed by the trust companies and investment managers. <\/P><\/p>\n
As part of its Business Seminar Series programme, the Bahamas Financial Services Board is coordinating a half-day seminar on Thursday, October 10th, at the British Colonial Hilton hotel. <\/P><\/p>\n
The forum will cover a range of case studies to illustrate how the existing financial services sector in The Bahamas can maintain its current book of business in a compliant but tax efficient manner. <\/P><\/p>\n
In addition, the seminar will deal with opportunities for trust companies and asset managers to gather new legitimate, transparent business from North America. <\/P><\/p>\n
Offshore Insurance should be viewed as an extra tool to add value to a company's existing product menu rather than as a competition. <\/P><\/p>\n
"It can assist you in retaining existing clients, gaining new ones and charging higher fees," says Hywel Jones, President of the Britannia Consulting Group, one of the cosponsors of the programme. <\/P><\/p>\n
Along with Britannia, other corporate co-sponsors are Atlas Insurance Management Ltd. and Lighthouse Capital Insurance. <\/P><\/p>\n
The event is a follow up to the May 17 Seminar focussing on Insurance As A Wealth Management Tool. Allyson Maynard-Gibson, Minister of Financial Services and Investments, will present Opening Remarks. <\/P><\/p>\n
Martin Eveleigh of Atlas and David Richardson of Lighthouse both will be presenting case studies at the Seminar, along with Hywel Jones of Britannia; Jay Walker of Walker & Associates; Craig Campbell of Huish Campbell P.C.; and Merv Simpson of Norton McMullen & Co. LLP. <\/P><\/p>\n
Contact BFSB at 326-7001 for registration details. <\/P>
\n
By Hywel Jones<\/B><\/P><\/p>\n","protected":false},"excerpt":{"rendered":"
It can assist in retaining and gaining clients, and charging higher fees<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[12],"tags":[],"class_list":["post-239694","post","type-post","status-publish","format-standard","hentry","category-headlines"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/239694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=239694"}],"version-history":[{"count":1,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/239694\/revisions"}],"predecessor-version":[{"id":241381,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/239694\/revisions\/241381"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=239694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=239694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=239694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}