The Bahamas
14 November 2017
Reporter: Lorella Fava

Captive insurance scholarships awarded in Bahamas


The Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas (ICB) has selected two recipients for the Associates in Captive Insurance designation scholarships.

The BFSB and ICB, in collaboration with the Bahamas Insurance Association and the insurance Institute of the Bahamas, picked Clement Penn Jr of CBH Bank Bahamas and Lorraine Goncalves of BAC Bahamas Bank as the 2017 scholars.

ACI designation is offered by the International Center for Captive Insurance Education, which is the first captive insurance education programme in North America.

Tanya McCartney, CEO and executive director of BFSB, commented: “Both candidates were eager to embrace an opportunity for professional development. They have a keen awareness of the benefit of this designation not only to their employers but to the industry as a whole.”

McCartney added: “BFSB continues to pursue opportunities in the captive insurance industry. Providing opportunities such as this for professionals within the sector are an extension of that effort. We wish the scholarship recipients every success in their upcoming educational endeavors.”

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