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JLT Insurance Management Malta Ltd was launched in January 2007 through a joint venture with Elmo Insurance Limited, an established Maltese insurer with an international vision and a culture of underwriting, having represented Royal & Sun Alliance for over 60 years. JLT are the majority shareholder but we are working hand in glove with our new partner in Malta.
Elmo’s role in providing local knowledge and infrastructure is central to our vision of delivering the highest quality of insurance management services in Malta. Their experienced staff are all professionally qualified in insurance and accountancy and have a strong presence in the island’s business community Their understanding of the regulatory environment and its requirements will be invaluable in the licensing and operation of new insurers and reinsurers in Malta.
Why JLT Insurance Management in Malta?
Malta is becoming an increasingly attractive destination for companies. The island offers a low-tax and low-cost environment. The efficient regulatory environment on Malta assists greatly in the speed of setting new companies. Malta is also a full EU member state, permitting licensed insurance companies to write direct business in all EU/EEA countries.
Malta has to compete with Gibraltar, Ireland and Luxembourg for this business and it’s the new comer in that regard. JLT undertook careful analysis of the choice of domicile for its new EU Insurance Management company and concluded that Malta was the most likely to attract new business due to its overall offering.
If you would like us to help you determine why Malta may be the right location for a new insurance venture then please contact us or call one of the team.
