2015 CIC Captive Insurance Seminar
The 2015 Captive Insurance Seminar was held on November 04, 2015 at the Aoyama Diamond Hall and was followed by a joint reception hosted by the FSM Embassy in Tokyo, CIC and MRA.
His Excellency, the recently inaugurated President Peter Christian of the FSM opened the CIC seminar with welcoming remarks and was the marque speaker at the evening’s reception. Other notable speakers included the newly appointed Attorney General Joses Gallen, the Insurance Commissioner Jesse Giltamag and the former Japanese ambassador to the the FSM, Mr. Shoji Sato.
Additionally, the President or members of his delegation also participated in 2 other seminars, one in Tokyo and one in Osaka, this same week that promoted the FSM Captive Insurance Domicile and other programs.
|About the FSM Captive Insurance Council||FSM Captive Insurance Council
Directors and Officers
|The FSM Captive
Insurance Council was formed in 2009 by companies with a vested interest
in the growth and development of the Federated State of Micronesia (FSM) as a viable captive insurance
domicile. With almost twenty Japanese-owned captive insurance companies
either licensed or approved to be licensed, the FSM has become the
preeminent captive insurance domicile for Japan-based companies.
The Congress of the Federated States of Micronesia enacted legislature in 2006 that allowed for the creation and operation of captive insurance companies in this country. The FSM captive insurance domicile was designed to appeal to Japan-based corporations through statutes that offer favorable tax rates and flexibility in selecting reporting currency, accounting standards and service providers.
Ieske Iehsi (of MIMC)
Chairman – Yasuyuki Fujishima (Gojokai)
|FSM Insurance Council (c) 2011|