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Bermuda To Host Captives Webinar On June 30

by Mike Godfrey, Lowtax.net, Washington
26 June, 2015

The Bermuda Business Development Agency, together with industry partners, is to host a webinar to highlight the advantages to US corporations of setting up a captive insurance company in Bermuda.

The webinar will highlight the regulatory, legal, and tax issues surrounding setting up a captive, and how companies can use the vehicle for risk management, asset protection, and efficient access to the global reinsurance market via Bermuda-based companies.

The BDA webinar will aim to guide registrants through the basics of what a captive is (a vehicle to finance the risk of its owners) as well as the captive regulation process and tax benefit details. The webinar will feature presentations and then a question-and-answer session.

BDA Business Development Manager Jereme Ramsay said: "This is our second BDA webinar, following a successful debut we hosted earlier this year. Our focus is US businesses that could benefit from setting up a Bermuda captive insurance company, including those in the growing healthcare sphere. We thank our industry colleagues for sharing their expertise to heighten the visibility of Bermuda's thriving captive insurance business."

Rochelle Simons from the Bermuda Captive Owners Association (BCOA) will moderate the discussion. Simons said: "We intend for it to be informative and useful to any executives who may be considering setting up a captive insurance company, and offer details on why Bermuda can best suit their needs."

The BDA has also announced a third webinar for September, which will specifically focus on the healthcare industry.

The June 30 webinar will begin at 12:00 Bermuda/Atlantic Standard Time.

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