Bapco Energies establishes a captive insurance company

Bapco Energies, a Bahrain-based company specializing in energy transition has signed a partnership agreement with ACE Gallagher and Artex Risk Solutions, both subsidiaries of the Gallagher Group.

The agreement involves the creation and management of an insurance captive tailored to Bapco Energies. This new structure allows the company to strengthen its risk management strategy and its adaptability to the ever-evolving insurance-related needs.

For the record, a captive insurance company is defined as an insurance entity created and owned by a company or a group of companies whose core business is not insurance.