Business Insurance

Login  |  Register Subscribe



Michael Bradford

Qatar approves first captive insurer management company

September 2, 2010 - 10:50am


DOHA, Qatar—The Qatar Financial Center Regulatory Authority has authorized Kane L.L.C. to establish the first captive management company in the Qatar Financial Center.

Kane, which operates offices in Bahrain and Dubai, said Thursday that it plans to offer captive management, risk management and health care advisory services from the Qatar operation.

Shaun Brook, practice leader of insurance management for Kane, will head the new office.

“Qatar has made a significant commitment to becoming a global center of excellence for captive insurance and has established a well-structured regulatory regime, which is robust, flexible and conducive to captive growth,” Mr. Brook said in a statement.

“By establishing operations in Bahrain, Dubai and now Qatar, this enables us to build close working partnerships with our clients in the Middle East, a factor which we feel is essential to any long-term successful relationship,” Kane CEO Stephen May said in the statement.

 



Comments

Add Comment


Loading Comments Loading comments...

You may also want to visit

Middle East/Africa

Regulation

Health Care Benefits

Alternative Risk Transfer/Captives