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Businessman Mario Carey Urges Insurance Company Reform, Liberalize Whole Life, Extend Health Coverage

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#TheBahamas, June 1, 2022 – Less than one week after insurance companies asked the Insurance Commission to allow them to invest in U.S. funds, a leading businessman is calling for a lifting of similar restrictions on the consumer, declaring that Bahamians should be allowed to seek coverage from companies outside the jurisdiction.

“The laws that govern how and where Bahamians can obtain health and life insurance hurt the average middle class Bahamian the most,” said real estate pioneer and social entrepreneur Mario Carey. “The insurance companies want the right to invest abroad and I believe as Bahamians we should have the right to seek health and whole life insurance abroad.”

Carey’s comments came in the wake of news that a leading underwriter was seeking an exemption to the insurance regulations that forbid Bahamian insurance providers from investing in foreign entities.

“I understand the good intention of those restrictions given the failure of one insurer whose holdings outside The Bahamas brought the company down, but while there are lessons to be learned from that, the consumer need not be punished because of it. We should insist on insurance rights, including the right to seek competitive rates, terms and provisions, just as the wealthy who have more than one address can do, or large businesses with numerous holdings that may be registered elsewhere do.”

Carey, who founded Better Homes and Gardens MCR Bahamas and is CEO of Mario Carey Ventures, enterprises aimed at social entrepreneurship, said current policies are especially hard on caregivers of elderly parents or offspring with special needs. His adult son registers on the high end of Asperger’s, the highest functioning form of the autism spectrum and Carey worries about how he will be cared for.

“As it stands now, a policy dies when the policyholder passes away, so for the policyholder who predeceases his or her parents, who is going to cover the health insurance costs if the policyholder is no longer alive? Who is going to provide the health care coverage for a child who is severely disabled and needs frequent, expensive medical attention if the health insurance policy is only good as long as the original policyholder lives and breathes, even if they bought it primarily to protect their loved ones? Do they go to their grave knowing they have left someone imperiled with no life boat to grab hold of?”

The answer, Carey believes, is twofold – allow funds to buy policies so the policy continues to live so long as the fund exists. Secondly, he says, allow Bahamians to shop and compare.

“We don’t force people to buy cars only from Bahamian auto dealers, why should we require Bahamians to buy health insurance – one of the most significant investments you will ever make – only in The Bahamas? While everything else around us has changed, we’ve been doing insurance the same way in The Bahamas since the middle of the last century,” said Carey. “I think it’s time we take a good look at the industry, how it serves clients, what we can do to improve it. There are some serious questions we need to ask. How do we ensure client rights? What we can learn from other places where there is a more liberal policy as to who can own a policy? In other places, a policy can be purchased by or through a fund that holds it and it provides options for the beneficiary or insured.”

Carey said he is far from alone in urging a more responsive insurance industry.

“We all know someone who is complaining about fighting for their rights to get a claim paid or a policy reinstated, even a policy they may have paid on for 20 years but had to let lapse to put food on the table during COVID-19 when they were out of work,” said Carey.

Carey, who has enjoyed a successful career in real estate closing in on $2 billion in transactions, has devoted much of the last two years to finding solutions for a host of issues. Also on the drawing table – a regional disaster recovery centre in southwest New Providence that would transform the former Bacardi plant and its 100,000 square feet of enclosed space into a readiness launching pad from which everything from helicopters to generators, tents to nonperishables can be sent as disaster strikes, saving time and lives.

“Look around you,” says Carey. “Everything has changed over the last 20 years, the phone you are using, the computer you are typing or designing on, even the way you get your news. Yet insurance, one of the most important basics of a well-planned life, has remained much the same as it was 50 years ago except that you may get your statement by email. It’s time to take a look, a serious look and see how we can bring it into the 21st century.”

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The Bahamas Reaffirms Support for Ukraine at International Conference in Toronto

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TORONTO, Canada —Minister of Foreign Affairs and Immigration Fred Mitchell has reaffirmed The Bahamas’ support for Ukraine’s territorial integrity and the international effort to secure the return of Ukrainian children, detained civilians and prisoners of war.

Speaking at the two-day Second International Conference on Returning Ukrainian Children, Detained Civilians, and Prisoners of War, held in Toronto on September 28 and 29, Minister Mitchell thanked Canada, Norway and Ukraine for convening the conference and said The Bahamas was honoured to participate.

“I first want to add my thanks to Canada, Norway and Ukraine for convening this important conference,” Minister Mitchell said. “We are honoured to have been invited and to be here.”

Minister Mitchell said The Bahamas supported the position expressed by Antigua and Barbuda from the CARICOM Region, while also drawing on remarks delivered by Prime Minister Philip Davis at them United Nations.

He said The Bahamas’ own history made it impossible for the country to remain silent when them territorial integrity of another state is under attack.

“Just a couple of days ago, our Prime Minister spoke at the United Nations about a people with a history of struggle for identity, arising out of the struggle against slavery, and how we cannot be silent in the face of the attack on the territorial integrity of another state,” Minister Mitchell said.

He noted that Canada and other countries have stood alongside Caribbean nations as they confront their own regional challenges, including the situation in Haiti and difficulties facing Cuba.

“We are a region which is far away from Ukraine, but we identify with the struggle,” he said. “In this case, we want to be sure that our voices are heard in support of the defence of the territorial integrity and the people of Ukraine.”

Minister Mitchell said the principle of territorial integrity carries lessons well beyond the current conflict and deserves particular attention from smaller states.

“We think that the question of territorial integrity is a lesson for all to inwardly digest,” he said, adding that The Bahamas particularly appreciated Canada’s approach to its role as a “middle power” in international affairs.

The minister also reflected on the broader historical context surrounding Russia and Ukraine. Referring to a recent interview with Russian President Vladimir Putin that he encountered on social media, Mitchell described the discussion as an example of historical revisionism.

He recalled the days of writings and experiences of Soviet-era dissidents including Aleksandr Solzhenitsyn and Andrei Sakharov, as well as the struggles that took place during the Soviet period and the eventual collapse of the Soviet Union.

Minister Mitchell said the historical interpretation presented in Putin’s remarks offered a markedly different account of those developments and placed responsibility for the situation in Ukraine on what Putin described as Western intellectual elites and their actions.

“That was very interesting,” he noted.

Drawing on the work of political scientist Samuel Huntington, Minister Mitchell suggested that political systems can retain characteristics of their predecessors even after major upheavals or revolutions.

“The Czar has been replaced, but what do we have today?” he asked. “A kind of pre-emptory, antidemocratic, autocratic behaviour attacking another state?”

Minister Mitchell concluded by reaffirming The Bahamas’ support for the objectives of the Toronto conference and calling for practical opportunities for the country to contribute.

“So I am, on behalf of The Bahamas, supporting the aims of this important conference,” he said. “Please assure us, or let us know, what practical ways we can help.”

He said The Bahamas’ participation itself was an important first step.

“We hope that, in this instance, the fact that we are here and that our voice has been added to this cause is at least a good start.”

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Carnival and LJM Maritime Academy launch free adult learn-to-swim program in New Providence

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Nearly 60 participants enrolled in two-week initiative teaching essential water safety skills, taught by Celebration Key’s certified lifeguards

 

Sept 28, 2026 – Carnival Cruise Line, in partnership with LJM Maritime Academy, has launched a free learn-to-swim program to empower Bahamian adults with essential water safety and swimming skills.

The two-week program took place in August at the LJM Maritime Academy Pool on Maritime Cay, Nassau, with sessions held Monday through Friday.

Carnival provided all necessary equipment, including full-protection swim goggles, backboards, kickboards, swim paddles and other training aids. Instructors were from Celebration Key’s Water Safety Team, whose lifeguards hold 5-star SGE Audit Rating Certification and bring hands-on expertise in swim education and water rescue.

The program drew a strong and enthusiastic response from the community. Following announcements on social media, nearly 60 participants enrolled to acquire skills that are crucial in an island nation.

“Water safety is not a luxury in The Bahamas – it is a necessity,” said Philcher Grant, Director of Public Affairs and Community Engagement for Carnival Cruise Line in The Bahamas and Turks and Caicos Islands. “We are surrounded by water, yet many adults haven’t had the opportunity to learn basic swimming skills. Partnering with LJM Maritime Academy allows us to change that, one participant at a time, while reinforcing Carnival’s commitment to investing in the communities where we operate through education, training and meaningful partnerships.”

“Opening our pool and facilities to adults who are embracing the opportunity to build basic swimming skills and helping them develop this life-saving ability has been deeply rewarding,” said Nameiko Miller, Registrar at LJM Maritime Academy. “We have been pleased to partner with Carnival on this important initiative and commend the Water Safety Team for its dedication and expertise. The response from the community has exceeded our expectations, confirming just how much this kind of program is appreciated.”

“It has been an absolute pleasure providing these lifesaving skills to the participants,” said Valentino Strachan, Water Safety Manager for Celebration Key. “Kent, Samuel, and I are very encouraged to keep going because of the enthusiasm, excitement and, most of all, the progress we’ve seen. I can say with confidence that 100% of the participants have conquered their fear of the water and are successfully mastering the fundamentals of strong swimming form.”

Participant Lucy Forbes said: “When I started, I couldn’t even push off the pool wall, now I can glide across the water. The instructors, from Sammy to Ken to Tino, were phenomenal. It’s been such a wonderful experience, and if they run this again next year, I’ll be back.”

Another participant, Karen Simeon, added: “This program teaches you to overcome your fear of the water and trust yourself. The fear doesn’t disappear completely, but with the right techniques you freak out less and make progress every time. Every instructor – Tino, Ken, Sammy – brought something different, and I learned from all of them.”

Drowning remains one of the leading causes of preventable death in The Bahamas, and public health advocates have long pointed to low swimming proficiency among adults as a contributing factor. Programs like this one aim to close that gap by removing barriers to learning.

The initiative is part of Carnival’s broader strategy of building lasting community partnerships across its destinations, with a focus on education, training and initiatives that leave a tangible, positive impact long after each session ends.

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CIBC Caribbean Celebrates 2026 Unsung Heroes Finalists

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Nassau, Bahamas, 22 September 2026 – Six Bahamians whose service is making a difference in communities across the country were recently celebrated by CIBC Caribbean as the bank brought together its top 2026 Unsung Heroes finalists for a special recognition event.

The 2026 finalists were Kristin Butler-Beneby, Dinola Williamson, Amanda Knowles, Tamara Clarke, Ruth Fawkes, and Jaquay Adderley.

During the event, CIBC Caribbean also announced Dinola Williamson as the first runner-up in this year’s program. Williamson is an educator and community activist who has spent more than two decades in education and leads the Family Better Together Kabbalistic Kids Club. Her community work has reached children in Englerston, Fox Hill, Acklins, Crooked Island, and Grand Bahama through mentorship and activities designed to support their holistic development.

CIBC Caribbean Head of Country Terrance Gibson said the gathering was intentionally focused on celebrating the collective impact of the finalists.

“Unsung Heroes is about recognizing the people who may not always receive the spotlight, but whose commitment is felt every day in the lives of the people and communities they serve,” he said.

“While Kristin emerged as our 2026 Unsung Hero, and Dinola as our runner-up, each nominee represents the spirit of this program. They saw needs in their communities and made the decision to act, to serve, and to keep showing up. CIBC Caribbean is proud to recognize them and to help bring greater attention to the work they are doing.”

The recognition event also brought together members of the judging panel who reviewed this year’s nominations and selected the program’s honorees. The panel comprised Olympic gold medalist Tonique Williams, Bahamas Red Cross President Edison Sumner, Guardian Lifestyles Editor Shavaughn Moss, and Organization for Responsible Governance Executive Director Matt Aubry.

During the event, each finalist spoke about the community work that led to their nomination. The judges were also recognized for lending their time and expertise to the selection process.

Gibson added, “Recognition is important, but we also hope that sharing these stories encourages others to look around their own communities, see where they can make a difference, and act.

“Our Unsung Heroes remind us that meaningful change often begins with an individual who simply decides to help.”

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