Middle East Economic Survey

VOL. XLVII

No 23

07-June-2004

CAPITAL MARKETS

BMA Licenses Captive Insurance Manager

The Bahrain Monetary Agency (BMA) announced on 30 May that it had granted a license for a captive insurance management company, Stratum, to operate in Bahrain, noting that this was the first of its kind in the GCC region. Captives insure the risks of their parents group rather than those of third parties, and they are generally run by professional management companies rather than having...