Will Qatar succeed in the captive market?

Published in: Regulation, RBC Worldwide, ROW

Companies: Qatar Financial Centre Regulatory Authority, Al-Koot insurance company, Qatar Petroleum, AM Best, NAIC, PricewaterhouseCoopers, Guernsey Insurance Company Association

Perhaps with an eye on the captive insurers in European locations concerned at forthcoming Solvency II regulations, as well as on the exploding demand for financial services in the Gulf, Qatar has launched an ambitious bid to become a base for captives. Lorna Davies assesses its chances of success.

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