Marsh Plans to Expand Captive Insurance Services to Bahrain

Marsh plans to expand its operations in Bahrain to include captive insurance management services, which would make it the first international insurance broker to offer such services in the country.

The global professional services firm announced the planned expansion November 2 during the fourth annual Gateway Gulf forum, held November 1–2 at the Four Seasons Hotel Bahrain Bay. Hosted by the Bahrain Economic Development Board (Bahrain EDB), the event brought together international investors, business leaders, and policymakers to explore investment opportunities and cross-border partnerships.

Marsh has established operations in Bahrain, Qatar, Saudi Arabia, and the United Arab Emirates, providing risk management, insurance brokerage, and specialized advisory services. The company became the first international broker to receive captive insurance licenses in Dubai in 2008 and Abu Dhabi in 2018.

Marcin Antosik, captive regional leader, Middle East, at Marsh, will oversee the company's captive insurance services in Bahrain and throughout the Gulf region.

"Bahrain's position as a well-regulated financial center, combined with the region's continued economic diversification, makes this an important milestone for Marsh, and for the wider captive insurance market in the Gulf," Noor Al-Haji, chief executive officer of Marsh Bahrain and Kuwait, said.

Ms. Al-Haji said businesses across the Gulf Cooperation Council (GCC) are increasingly considering captive insurance as a risk financing strategy amid growing non-oil investment, regulatory changes, and emerging exposures, including supply chain disruptions, cyber risks, and rising healthcare and employee benefit costs.

"Marsh's presence in Bahrain reflects the Kingdom's strengths as a destination for international professional services firms, supported by a business-friendly environment, a robust financial services sector, and access to markets across the GCC," Dalal Buhejji, executive director of financial services at Bahrain EDB, said.

"Marsh's captive solutions continue to grow across the Gulf region, as clients seek more sophisticated risk-financing options that offer greater control, flexibility, and certainty in an increasingly complex risk environment," Mr. Antosik said.

The planned expansion comes as Bahrain seeks to attract international investment, strengthen its financial services sector, and support businesses pursuing opportunities across regional markets.