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Mention the Persian Gulf to most people and the chances are they will think of oil, sand, wars and controversy. (Re)insurance is not something that easily comes to mind. But times are changing in the region.The (re)insurance market in the Gulf has seen some mixed results recently, with firms entering and leaving the area. There have also been calls for a new regional reinsurance company to be set up to deal with a shortage of capacity in the area. The Gulf Co-operation Council (GCC), an orga