Captives in Bermuda.On behalf of the 46 individual captive captive said of naturally wild or feral animals kept in captivity for educational and scientific investigation with no attempt being made to domesticate them. management companies that comprise the membership of the Bermuda Bermuda (bûrmy  `də), British dependency (2005 est. pop. 65,400), 21 sq mi (53 sq km), comprising some 150 coral rocks, islets, and islands (of which some 20 are inhabited), in the Insurance Management Association,
it is my pleasure to welcome you to this year's Bermuda Captive
Conference. When the organizing committee embarked on the planning for
last year's inaugural conference, we were quietly confident that
the event would be well supported. However, the actual attendance of
over 300 delegates, of which over 100 were captive owners or prospective
owners, surpassed our wildest expectations. We were extremely pleased
with the support from both the government as well as the multiple
sponsor companies, without whom the event would not have been possible.
Of course, with last year's success, comes even greater expectation
for 2006. I am pleased to say that you will not be disappointed. This
year's event looks just as exciting and early indications show
attendance will be even higher than 2005.
One feature of last year's conference was the introduction of the concept of the Bermuda Captive Owners Association (BCOA BCOA Basenji Club of America (dog breed) BCOA Borzoi Club of America Inc. (Ohio) BCOA Beverly Council on Aging (Massachusetts) ). Through an introductory luncheon during the conference, a Steering Committee steer·ing committee n. A committee that sets agendas and schedules of business, as for a legislative body or other assemblage. steering committee Noun was formed and I am pleased to report that the BCOA is now a legally incorporated body and is accepting members. The BCOA has established several goals and objectives but all essentially focus on one thing--to promote Bermuda as a captive domicile domicile (dŏm`əsīl'), one's legal residence. This may or may not be the place where one actually resides at any one time. The domicile is the permanent home to which one is presumed to have the intention of returning whenever the purpose and to look after the interests of our most important asset--our clients. Through regular dialogue and meetings, there will be interaction among members, with government, BIMA BIMA British Interactive Media Association (UK) BIMA Berkeley Illinois Maryland Association BIMA Berkeley-Illinois-Maryland Array (radio telescope) BIMA Boston Interactive Media Association , the Bermuda Insurance Institute, the Bermuda Monetary Authority The Bermuda Monetary Authority is responsible for the licensing of banks, deposit companies and investment businesses, the issue and redemption of Bermuda notes and coins, supervision of Bermuda's financial institutions, providing advice to Government on banking and other financial and many other bodies who influence the establishment, operation and regulation of captives in Bermuda. It's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have important to note that by definition, BCOA is a captive "owners" association so I encourage you to participate by joining--after all, one of the benefits of membership is a free subscription to the Captive Conference! During your conference visit, please feel free to contact one of the officers who will be only too happy to answer any questions you may have. This is an exciting time in the development of Bermuda as a true "insurance center" and the captive industry continues to be an integral and important part of this success. We encourage your active participation in the conference sessions as well as the numerous networking opportunities over the coming week. Enjoy your stay in Bermuda and thank you for your continued support. Philip A. Barnes President Bermuda Insurance Management Association |
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