By NEIL HARTNELL

Tribune Business Editor

Bahamas First Holdings is aiming to raise $15 million in extra capital via a private placement before year-end, Tribune Business can reveal, the general insurance parent seeking the funds to both bolster its capital base and position the company to exploit "any opportunities" that come its way.

Confirming the plans, Patrick Ward, Bahamas First's president and chief executive, said the holding entity and its general insurance subsidiary, Bahamas First General Insurance, were looking ahead to potential events such as the $2.6 billion Baha Mar project, which would boost both insurance premium prices and volumes.

"The directors of Bahama ...

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