The Tribune

The Insurance Commission of the Bahamas (ICB) is teaming up with the Bahamas Financial Services Board (BFSB) to host an industry briefing on captive insurance next Wednesday.

The briefing, which will take place in the Governor’s A Ballroom at the British Colonial Hilton Hotel at 10am, will give the regulator an opportunity to update industry participants on its risk-based supervisory regime for the captives sector.

Peter Strauss, managing member of The Strauss Law Firm, will bring remarks. Mr Strauss is a co-firector of a recently approved SAC (segregated accounts captive).

He will speak on insurance sector developments generally, and the reasons behind their decision to establish operations in the Bahamas.

The Strauss Law Firm is located on Hilton Head Island, South Carolina. It 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 US and internationally.

Mr 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 No.1 on Amazon.com for insurance-related books.

Mr Strauss regularly speaks at public seminars and professional society meeting,s such as the American Institute of Certified Public Accountants (AICPA), National Advisors Trust Company, Physician Hospitals of America (PHA), Assisted Living Federation of America (ALFA) and Hawaii Tax Institute (HTI).

He is a graduate of the New England School of Law, and holds an LL.M. in Estate Planning from the University of Miami.