Bahamas Financial Services Board

Members of The Bahamas Financial Services Board include Captive Managers. By contacting BFSB we can provide information on the legal and regulatory requirements for captives as well as other international insurance products.

Bahamas Financial Services Board
Montague Sterling Centre
2nd Floor
East Bay Street
P.O. Box N-1764
Office: +1-242-393-7001


The Bahamas Financial Services Board (BFSB), launched in April 1998, represents an innovative commitment by the financial services industry and the Government of The Bahamas to promote a greater awareness of The Bahamas’ strengths as an international financial centre.

The Board is a multidisciplinary body that embraces active contribution from individuals within government, banking, trust and investment advisory services, insurance and investment fund administration as well as interested legal, accounting and management professionals.

BFSB represents and promotes the development of all sectors of the industry, including banking, private banking and trust services, mutual funds, capital markets, investment advisory services, accounting and legal services, insurance, and corporate and shipping registry. In addition to its coordinated programs to increase confidence and expand knowledge of The Bahamas among international businesses and investors, the private sector-led BFSB will continue to consult with government to develop new initiatives to meet the rapidly changing demands of international financial markets.

The Bahamas’ long-standing tradition of democracy (one of the oldest in the hemisphere), and independent stability since 1973, have been significant attributes in the development of our financial services sector. BFSB is guided by the same principles. It does not supplant existing financial services associations that continue to serve individual professional groups within the industry as they have in the past. Rather, the Board complements them, drawing much of its strength from close intra-industry participation and collaboration.

Dr. Tanya McCartney
CEO and Executive Director at Bahamas Financial Services Board

Dr. Tanya McCartney is a barrister with nearly 30 years of experience in law and financial services. Tanya in her current role, facilitates private sector collaboration with policy makers in The Bahamas and the promotion of all financial services product offerings including captives/international insurance.

Mr. Carl Culmer
Manager of Policies and Practices at the Insurance Commission of The Bahamas

Carl R. Culmer Jr., is the Manager of Policies and Practices. His responsibilities include developing supervisory guidelines, research and data management, policy advisory, and strategic communication. Carl has completed the Associate of Captive Insurance (ACI) and Certified Anti-Money Laundering Specialists (CAMS) designations and is currently completing post-graduate studies in Financial Services Law.

Mrs. Michele Fields
Superintendent of the Insurance Commission of The Bahamas

Michele Fields was appointed Superintendent of Insurance in January 2012. She qualified as a Chartered Accountant, having worked at an international public accounting firm in London and The Bahamas before her career transition to the insurance industry. Mrs. Fields has held senior management roles within the insurance industry for nearly three decades.