A webinar entirely in Spanish will be hosted by the Bermuda Business Development Agency (BDA) next week as part of the organisation’s drive to attract business from Latin America.

The webinar will focus on the potential benefits corporations from the Latin America region could gain from establishing a captive insurance company in Bermuda.

The hour-long webinar on Monday, will feature an expert panel discussing the regulatory, legal and tax issues, as well as the substantial benefits, of setting up a captive insurer in Bermuda — including risk management, asset protection, and efficient access to the global reinsurance market.

“Our webinar will be geared to private corporations and multinationals in the Latin American region,” said Jereme Ramsay, BDA business development manager for the risk and LatAm sectors.

Bermuda has become a popular choice for LatAm captive start ups, particularly from Mexico and Colombia.

“The Tax Information Exchange Agreements (TIEAs) we hold with several LatAm countries have been strong catalysts for this recent peak in interest across the region,” said Mr Ramsay.

Bermuda has TIEAs with Mexico, Colombia, Argentina and Brazil, while multilateral treaty signatories additionally include Chile.

Federico Candiolo, senior counsel at ASW Law, and the webinar moderator, said: “A large percentage of Latin American businesses would benefit enormously from creating a captive insurer in Bermuda, but many have not yet done so because the concept is relatively new in the region.

“This webinar will make LatAm companies more aware of Bermuda’s captive solution, which has been successfully used for decades by North American and European markets.”

The webinar will be held between noon and 1pm, Bermuda time. Featured speakers with Mr Candiolo are Andres Carmona, of Marsh, and Eduardo Fox, of Appleby.

Other professionals on hand to offer live commentary and answer questions will be Giuliana Molero, of PwC, Daniel Message, of R&Q Quest, and Mike Woytowicz of Artex Risk Solutions (Bermuda).

Questions during the webinar session can be e-mailed to info@bda.bm or tweeted to @investBermuda #BDAcaptive. To sign up, click here: http://bit.ly/1Ss6vWo