8 November 2016Accounting & tax analysis

BDA schedules webcasts on captive benefits

Seven videos are being released by the Bermuda Business Development Agency (BDA) over the next four weeks explaining what captives are and how they can be used as highly-effective self-insurance vehicles to cut costs and manage risks.

Among industry topics covered in the webcasts are fronting, regulation, feasibility, tax information exchange agreements, governance, steps to incorporate and why Bermuda is a key captive domicile.

“We’re always looking at new ways to keep our potential new business as well as our industry partners engaged and well-informed about Bermuda’s captive insurance solutions,” said Jereme Ramsay, BDA’s business development manager.

“The webcasts will highlight topics that companies should consider, along with top trends in the captive insurance space. The content is relevant for medium-to-large North American entities that are exploring self-insurance as part of their risk-management programmes.”

Ramsay, who manages the risk industry sector for BDA, says Bermuda continues to offer pragmatic, cost-effective solutions in its blue-chip jurisdiction, a message digital platforms such as webcasts, podcasts and webinars can take to global audiences.

“We are constantly looking to leverage fresh methods and channels to showcase Bermuda’s top-tier industry talent to both new business and existing clients and webcasts are an ideal way to do this,” Ramsay added.

“Our intellectual capital is our greatest asset and we’re proud to feature leading professionals on this initiative.”