Bahrain has become the first Middle Eastern country to regulate...
Bahrain has become the first Middle Eastern country to regulate captive insurers.
The Bahrain Monetary Agency (BMA) has published the final draft version of its Rulebook Module for Captive Insurers.
The Module reflects comments received from the industry and other interested parties during the course of last year's consultation period.
The final draft version presented is expected to take effect in October 2004, when the Insurance rulebook will be formally published.
The BMA issued the first licence for a captive insurer last year to Gulf Finance House.
