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NIB Welcomes New Chairman

NIB Welcomes New Chairman

11/25/2016 10:14:03 AM

The National Insurance Board welcomes Mr. Felix Stubbs, MBE, D.H.L. as the new Chairman with effect from November 1, 2016.

Mr. Stubbs was the former President and General Manager of IBM Bahamas Ltd., a position he held for over 32 years.  He has served in various capacities on government, non-governmental, civic and charitable committees in pursuit of the wholesome development of The Bahamas.  In 2014, Mr. Stubbs was appointed as Chairman of the National Development Plan Steering Committee, a Committee whose mandate is to create a 25-year strategic plan for the development of the Commonwealth of The Bahamas.

Mr. Stubbs has twice served as a Member of the National Insurance Board, during the years 1983, and 2001-2003, and now returns to serve in the capacity of Chairman of the Board.  


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The National Insurance Board (NIB)began operations in October 1974, to ad-minister a social security system that wouldprovide workers and their families withbasic financial protection against the lossof employment earnings in the event ofsickness, childbirth, retirement, invalidity,death, workplace injury (1980), and un-employment (2009). Under NationalInsurance, insured contributors are coveredfor three main types of contingencies –
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