Marsh plans to offer captive insurance management services in Bahrain, Insurance Business reported on 2 November. According to Marsh, this will make it the first international broker to manage captives in the kingdom. The firm made the announcement at Gateway Gulf in Manama.
Bahrain has had captive legislation since 2005, and the first captive was formed there in 2007, the report said. It added that no international broker had offered managed captive services in the jurisdiction until now. The Central Bank of Bahrain supervises captives under Volume 3 of its Insurance Rulebook, which sets licensing, capital and conduct requirements.
Bahrain will be Marsh's third regulated captive domicile in the Gulf. According to the report, the broker received the first captive management licence in Dubai, through the Dubai International Financial Centre, in 2008, and the first in Abu Dhabi, through Abu Dhabi Global Market, in 2018. Marcin Antosik, who leads Marsh's captive operations in the Middle East, will run the Bahrain service together with the existing regional business.
According to figures in the report, captive-related assets under Marsh management in the Middle East reached US$612m in 2023, 40% more than a year earlier. Net income of these captives passed US$100m, against US$66m in 2022. Property is still the largest line, but the portfolio now also includes political violence, liability, construction and group accident programmes.
Noor Al-Haji, chief executive of Marsh Bahrain and Kuwait, connected demand to risks such as supply chain disruption, cyber exposure, and healthcare and employee benefit costs.
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Insurance Business (UK) ↗News publisher · 2 Nov 2026
This is an original brief based on the linked publication. Company statements and forecasts are attributed to their source.
