The Tribune

The Caribbean Association of Insurance Regulators (CAIR), which is headed by the Bahamas' top insurance supervisor, held its annual conference and general meeting in Kingston, Jamaica, from June 19-21.

Under the theme, Enhancing Financial Sector Supervision and Stability: Implementing a Risk-based Capital Regime, representatives from the 20-member body participated in sessions outlining best-practices, shared experiences and various case-studies.

The conference was held in conjunction with the Caribbean Regional Technical Assistance Centre (CARTAC), one of ten IMF regional technical assistance centres.

CAIR was formed in 1994 to advocate, encourage and support the development and enforcement of insurance regulation in the Caribbean, based on internationally-accepted standards.

Michele Fields, the Insurance Commission of the Bahamas' superintendent, and CAIR president, said that each year members were able to "develop skills, share experiences and strengthen their knowledge".

R. Brian Langrin, CARTAC's resident advisor on financial stability, welcomed the group and expressed his agency's continued commitment to supporting CAIR's ongoing initiatives. John Jackson, the Jamaica Deposit Insurance Corporation's president, delivered the keynote address.

CAIR this year awarded its first honorary membership to Leon G. H. Anderson, past deputy executive director of the Financial Services Commission of Jamaica, for his contribution to the Association as past president, a post he held for seven years.