The 2015 Captive Insurance Companies Association (CICA) International Conference is being hosted under the theme “Captives: The Strategic Advantage”. The annual event is scheduled for March 8-10 at the Loews Royal Pacific in Orlando.

The Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas (ICB) will have a presence at the conference, as delegates and exhibitors.

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OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of RoyalStar Assurance Limited (RSA) (Nassau, Bahamas). The outlook for both ratings is stable.

The ratings reflect RSA’s solid risk-adjusted capitalization, strong operating performance, established presence within the Caribbean market and its resilient underwriting results, which consistently places it among the top of its Caribbean peers.

[Note: Any reference to stocks, funds, investment and its underlying recommendation does not reflect the opinion of The Bahamas Investor or any of its contributors.]

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The purchase of Cayman Islands firms Caledonian Trust Ltd and Caledonian Directors Ltd by Sterling Financial group tops the business news this week.
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The 2015 Mid-Year Budget Debate got underway yesterday in the House of Assembly, with tax reform and fiscal policy topping the agenda.
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Barry University will honor Bahamian Attorney General and Minister of Legal Affairs Allyson Maynard Gibson February 19 with its Distinguished Alumni Award at a ceremony in Miami, Florida.

Maynard Gibson (right) is among seven Barry alumni to receive the honor, the highest granted by Barry to its graduates.

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The Ad hoc Working Group on the Durban Platform for Enhanced Action (ADP) on the United Nations Framework Convention on Climate Change (UNFCCC) met in Geneva, Switzerland, February 8-13.

The UNFCCC is designed to reduce the emission of greenhouse gases that adversely affect climate change. Ambassador Rhoda Jackson, Bahamas permanent representative in Geneva and Philip Weech, director of BEST Commission, represented The Bahamas.

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The Bahamas Chamber of Commerce and Employers Confederation has said that it will focus on small and medium size enterprises in 2015.
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Silver Airways has begun its non-stop flights between Marsh Harbour, Abaco and Tampa, Florida.
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Three companies have applied to operate a new cellular network in The Bahamas as the application process closed this week. The firms are Digicel (Bahamas) Holdings Ltd, Cable Bahamas Ltd and Virgin Mobile Bahamas Ltd. Watch a ZNS News report here.
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The Crystal Palace Casino closed its doors yesterday in preparation for the opening of the $3.5-billion Baha Mar development on March 27, 2015.

The current Crystal Palace casino team is transitioning to Baha Mar, with approximately 55 employees moving into new positions at the Baha Mar Casino & Hotel, the largest casino in the Caribbean.

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