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News : Grand Bahama Last Updated: Feb 13, 2017 - 1:45:37 AM


Captives Development Touted as a Core Factor in Financial Sector Development
By Bahamas Financial Services Board
Jan 28, 2015 - 3:06:28 PM

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Peter Strauss and Carlos Rodriguez

Nassau, Bahamas -  BFSB CEO Aliya Allen points out that the experts “drill into us that you can load the dice in favour of developing good strategies by focusing on the core building blocks that often get overlooked.” Accordingly, BFSB’s upcoming International Business & Finance Summit (IBFS) will have several sessions devoted to the “Building Blocks: Products & Services” considered critical to sustaining the financial services sector. These include a focus on Wealth Management, Family Offices, Investment Funds and, of course, on Captives. Carlos Rodriguez Angulo, CEO of ARM RE (Arthur J Gallagher Colombia Re), Colombia and Peter Strauss, J.D., LL.M, Managing Member, The Strauss Law Firm, LLC, South Carolina will speak to repositioning The Bahamas as a Domicile of Choice.

Ms. Allen continues, “Within the captive growth of The Bahamas, it is anticipated that substantial gains will be made in related forms of external insurance, the reinsurance marketplace, and expansive efforts will be made to push the marketplace beyond the U.S., into Latin America, and out towards the U.K.” Peter Strauss will provide an update on the rapidly recognized reputation of this jurisdiction as a centre for captive insurance planning, and how the recognition is garnering attention from across the globe. Carlos Rodriguez will provide an overview about the strong growth the captive market currently is having in LATAM, highlighting its potential and the profile of companies that will be forming captives in the coming years.

Carlos Rodríguez currently is implementing the regional captive practice for the AJG Colombia Re group in LATAM. He has more than 20 years of experience in insurance and reinsurance and has participated in the creation of multiple captives in diverse domiciles. Previously, he was the Vice President of JLT Re Colombia and the General Manager for Marsh Global.

Peter Strauss has authored three books, “The Physician’s Guide to Captive Insurance Companies”, “Captive Insurance Companies for the Small Business Owner” and “The Definitive Guide to Captive Insurance Companies”, which is currently ranked #1 on Amazon.com for insurance related books. The Strauss Law Firm is devoted to providing estate and tax planning, asset protection, international business, and captive insurance solutions to individuals, families, and business owners located both in the United States and internationally. They have an impressive number of licensed captive owners in the Bahamas as clients, and contributed in large part to The Bahamas being ranked in captive domicile reports in recent years.

IBFS, successor to the Bahamas Financial Services Retreat that originated in 2004, will be held this year at the Grand Lucayan in Grand Bahama from Feb 6-7. With more than 13 different sessions, the event covers a gamut of topical issues impacting the industry domestically and internationally.


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