Magazine date:
Jan 2024 
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 [4] 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.