The Towner Management Group’s Ricardo Knight to Lead Barbados Government International Business Working Group

St. James, Barbados (July 3, 2008)—Ricardo Knight, president of The Towner Management Group and a 15-year veteran of the international business management industry, was named chairman the Joint Policy Working Group on International Business and Investment Promotion, a joint industry-government initiative.

The committee includes prominent government and business leaders in Barbados and provides advice to the Minister of International Business. Knight, who relinquished his position as president of the Barbados International Business Association (BIBA) in June, is expected to serve out his term, which expires in 2010.

“Ricardo has a long history of working with industry and government to promote Barbados as a first-class location to conduct business,” says Christopher J.N. Towner, founding chairman of The Towner Management Group. “I have full confidence that Ricardo will provide astute leadership on future policy.”

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The Towner Management Group (TMG) is an independent, full-service captive insurance and international business entity management company with a multi-domicile reach. We provide our clients with alternative risk solutions to meet their diverse needs. TMG is headquartered in Barbados, where it is the largest manager, and in Vermont, where it is ideally situated to partner with companies that wish to establish domestic captive domiciles. TMG also manages captive insurance companies, International Business Companies (IBCs) and other offshore entities in Barbados and other jurisdictions.