Nassau Captive
76 & 78 Pyfrom Road
P. O. Box GT-2832
Nassau, Bahamas
Bahamas
+ 1 (242) 324-0014
info@nassaucaptives.com
www.nassaucaptives.com
Your business, our concern
Nassau Captive was established for the sole purpose of helping customers worldwide with designing, implementing and maintaining efficient and cost-effective captive insurance solutions to meet their risk management needs.
We operate from the city of Nassau, in The Bahamas, which is one of top and most strategically located financial centres in the Americas.
Risk and opportunity
Our practice was founded on the belief that good risk management can reduce costs as well as reveal opportunities that may have been missed without a structured risk management program. Efficiently managing risk exposures is at our core.
In association with our partners, at the actuarial consulting firm Nichol & Co, we can provide a full suite of services to help firms with finding suitable solutions to problems faced: Services we provide include exposure analysis, feasibility studies, and captive management.
Quick, responsive and flexible
The Insurance Commission of The Bahamas is amongst the best in the region: market perception is that they are quick, responsive and flexible.
The External Insurance Act of The Bahamas was revamped resulting in the 2010 External Insurance Act. It introduced an independent insurance regulator along with new regulatory structures and features to make the international products here amongst the top world wide.
The Bahamas domicile has also gained a lot of experience in several different industries and captive structures (e.g. resulting in a significant growth in captive cell structures over the years). In addition, The Bahamas government remains committed to carefully building the external insurance market.
Knowledge and experience
The Bahamas has seen a significant growth in insurance professionals and managers over the years. The consolidation of the domestic market resulting in Bahamian ownership of several former US or Canadian firms has seen a commitment to developing resources on the island (leading to growth in the numbers of actuaries, claims managers, risk managers etc): The international insurance market benefits from such developments.
Location, location, location
The Bahamas is one of the top holiday destinations in world. It boasts some of the best resort developments in the region resulting from several multibillion-dollar investments from investors spanning the globe (North America to China).
Meeting and room facilities located here are amongst the best, with good accommodations being available at reasonable costs. Airlift to the city of Nassau is also reasonable. Nassau is just a stone throw from Florida (Southern USA) with direct flights from most of the top markets.
Singular focus on achieving your goals
At Nassau Captives we are focused on providing the best quality services and advice to help with meeting your goals. We offer captive management services in The Bahamas domicile only, with the aim of being the best source of expert and local knowledge here.
We are licensed and regulated by the Insurance Commission of The Bahamas, with whom we maintain a close and professional relationship. We also maintain relationships with a number of strategic partners, both local and international, to ensure we have access to expertise to ensure the best value solutions can be designed for problems of any complexity.
Nassau Captives provides a variety of captive management and consulting services including the following:
Captive insurance management services
Resident representative services (in compliance with the 2010 External Insurance Act)
Forming and licencing of captives
Providing insurance program, risk management, and underwriting expertise
Insurance administration and claims handling expertise
Company secretarial
Accounting
Regulatory compliance
Corporate governance
Captive insurance consulting services
Captive feasibility studies
Risk identification, assessment and retention analysis
Advice on investment policy and strategy
Advice on capital adequacy, allocation and efficiency (including Solvency II)
Advice on corporate governance and internal controls
Documentation and risk reporting
