Entire section Custom print Link Text Only Rich Text Print
  Versions

 

CI-1.1.2

Like many regulatory authorities, Bahrain differentiates between captive insurers, and insurance firms whose business does not generally originate from within their owning group. This differentiation is on the basis that:

(a) A captive's obligations (through its insurance policies) are to its owners, not third parties (some captives, though may insure liability risks);
(b) A captive's risk exposures (through its insurance policies) will generally be more concentrated and, at the same time, potentially more limited than conventional insurers; and
(c) A captive will usually be managed by a specialised third party insurance manager.
Amended: January 2007