Fricase de pollo (Cuban Chicken Fricassee)

Name: Fricase de pollo (Cuban Chicken Fricassee)
Cuisine: Cuban
Ingredients: 1/4 cup fresh lime juice; 2 medium garlic cloves, minced; 1 TBSP plus 2 TBSP olive oil; salt & freshly ground black pepper; 3 pounds bone-in chicken thighs, skin removed; 1 1/2 pounds roma tomatoes, small chopped; 1 red bell pepper, chopped; 1 yellow onion, thinly sliced; 1/2 cup water; 1 pound baby gold potatoes, halved; 1 cup whole pimento stuffed manzanilla olives; 2 tsp dried oregano; 1 tsp ground cumin; 1 large dried bay leaf; 1 cup uncooked long-grain white rice; 1 1/2 cups water