Bapco Energies and ACE Gallagher enter strategic partnership

Bapco Energies, at the forefront of Bahrain’s energy transition, has entered into a strategic partnership with ACE Gallagher, a leading insurance company, to establish an exclusive ‘Insurance Captive.’ This move, following a rigorous selection process overseen by the Bahrain Tender Board, aligns with Bapco Energies’ centralization strategy for its insurance portfolio, ensuring a unified risk management approach and long-term sustainability. ACE Gallagher’s expertise as the lead captive manager enhances Bapco Energies’ resilience and negotiating power in the challenging insurance market, optimizing overall costs for the Group. The signing ceremony, attended by senior representatives from both entities, solidified the agreement at Bapco Energies HQ in Bahrain, reflecting a commitment to strengthening risk management practices and operational efficiency.