Singapore-based ACR, which became operational in 2006, is a reinsurance company exclusively focused on Asian risk. It writes both treaty business as well as facultative business and is capitalized at US$565 million.
ACR is a wholly owned subsidiary of ACR Capital Holdings, whose shareholders include Morgan Stanley Private Equity Asia, Credit Suisse Private Equity Asia, Luxembourg Sicav (Worldwide Sicav), 3i, Khazanah Nasional Berhad, and affiliated investment funds of Och Ziff Capital Management Group.
The company carries a financial strength rating (FSR) of A- (Excellent) from insurance rating agency, A.M. Best Co.
'The Middle East insurance market is attracting much interest from international players, many of whom are choosing to locate in Bahrain,' said Mr. Ahmed Abdul Aziz Al Bassam, Director, Licensing & Policy, at the CBB.
Bahrain offers a well-regulated environment from which insurance services providers can tap the wider Middle East and North Africa (MENA) region, he pointed out.
CBB licence for Asia Capital Reinsurance
The Central Bank of Bahrain (CBB) has granted a licence to Asia Capital Reinsurance (ACR) to establish a Representative Office in Bahrain.
- Bahrain: Sunday, October 28 - 2007 at 14:53
- PRESS RELEASE
- ADD ARTICLE TO
-
Facebook
del.icio.us
Digg
Index : Company News : Central Bank of Bahrain (CBB)
Browse related articles
Browse related articlesToday's most read articles:
Log in to request more information from Central Bank of Bahrain (CBB)Notes and media contacts
Central Bank of Bahrain (CBB)Contact: External Communications Unit
Tel: +973 17547370/17547360
Posted by Lara Lynn Golden, News EditorSunday, October 28 - 2007 at 14:53 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
Web Feeds