Insight and Intelligence on the London & International Insurance Markets 24 Jul 2017
Compre sets up shop in Malta
- 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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