BVI Finance partnered with, and was showcased at two prominent events for the captive and trust sectors in Miami and Toronto. The Finance Centre participated in the 11th Annual Canadian Captives and Corporate Insurance Strategies Summit held in Toronto, and the Society of Trust and Estate Practitioners (STEP) Miami Summit held in Miami. 

The Canadian summit held in Toronto on May 26 and 27 captured an attendance of quality risk managers, brokers and corporate entities. It was designed to source practical strategies on risk mitigation and captive management in addition to identifying innovative ways to cut costs, transfer risks and manage premiums.

The Summit provided sources for best practices and know-how through case studies, panels and interactive discussions. The aim was to get captives started or expand operations, show ways to tailor insurance product offerings, enhance captive procedures and learn from the pitfalls and successes of mature Alternative Risk Transfer (ART) structures. The objective was also to leverage the industry’s collective expertise to help attendees re-imagine their corporate insurance strategies for 2015 and the years to come. 

The British Virgin Islands shared a platform with Bermuda and Barbados to discuss domicile selection for the Canadian market, and highlighted similarities and differences between the top domiciles of choice for captives. 

The STEP Miami Summit, held in Miami, Florida on May 29, reviewed the latest issues concerning international private client planning, presented by the leading professionals in the area. Representatives also shared best practices among industry practitioners. 

Jonathan Bailey of Nerine and Lawrie Kearns of Ogier represented the BVI and delivered a presentation on VISTA trusts.  O’Neal Webster representative and Chair of STEP BVI, Vanessa King, also delivered remarks on behalf of the jurisdiction.

As a sponsor of both summits, BVI Finance displayed a branded booth furnished with reading materials, trinkets and giveaways and speaking opportunities at each event.

BVI Finance (formerly the BVI International Finance Centre) is solely responsible for marketing and promoting the BVI financial services industry, which is carried out by a professional pool of individuals both locally and internationally. More information can be found at www.bvifinance.vg, emailing info@bvifinance.vg or following BVI Finance on Facebook, Twitter and LinkedIn.