BIBA, the Association for Global Business in Barbados welcomes the endorsement of its third annual Barbados Risk & Insurance Management (BRIM) Conference by the Barbados Financial Services Commission (FSC) which has come on board as a sponsor for the first time this year.

"It is a pleasure for us at the Financial Services Commission to partner with BIBA on the hosting of the third annual edition of the Barbados Risk & Insurance Management Conference - simply called BRIM. The organisers have compiled a distinguished group of experts and policy makers from the risk and insurance industry, who will generously share their perspectives on the industry’s latest developments and the future in general.

"[A]s the regulator, of Barbados’ non-bank financial institutions, which includes the insurance sector, we view our involvement with the conference as an important strategic exercise. For us, with responsibility for regulating and supervising the country’s insurance, securities, credit union, and pensions sectors, our mission is to promote the development of a well-regulated, vibrant, competitive, and innovative financial services industry that meets the needs of local and international stakeholders." said the new Chief Executive Officer of the FSC, Mr. Warrick Ward, as he delivered featured remarks at the media launch of this year's conference.

As a Sponsor, the FSC will have an exhibitor booth at the conference. Deputy CEO for Supervision & Regulation, Ms. Rosina Knight, said the booth will be manned by staff prepared to answer questions by delegates on the new FSC corporate governance guidelines, successfully navigating the application process, and expediting the registration process.

BIBA President and General Manager of Centralis (Barbados), Mr. Jamar Arthur-Selman remarked during the launch:

"Barbados was recognised as the fifth largest captive insurance domicile in the world, and fastest growing offshore domicile in Captive Review’s 2022 World Domicile Update. AM Best also continues to rank us among the top 3 jurisdictions in the Americas. These rankings have been attributed largely to our favourable regulatory environment, attractive tax treaties, and continued regulatory innovation. Therefore, we are grateful to the FSC not only for hosting this media conference this morning and coming on board for the first time as a Sponsor of BRIM this year, but also for the work they do in ensuring that Barbados remains a jurisdiction of choice for new captive formations."

For more information and to buy tickets, visit the BRIMS website.