Insight and Intelligence on the London & International Insurance Markets 23 Apr 2018

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Compre sets up shop in Malta

  • Bernard Goyder 3 July 2017
  • Legacy specialist Compre has received approval to set up an insurance company in Malta as the Mediterranean jurisdiction burnishes its credentials as a run-off hub.

    The entity will be created by moving London & Leith Insurance SE from the UK to Malta, Compre said.

    Compre will use a structure known as a protected cell company (PCC) - a Maltese facility unique in the EU than means that assets and liabilities from one "cell" of a business are ringfenced from the...

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