Willis has moved office in Malta to accommodate a growing captive and commercial insurance market in the region.
Now based in Floriana, the office has appointed two new associates to join the five current staff.
Guest speaker at the opening, Professor Joe Bannister, chairman of Malta Financial Services Authority, said: “The presence of a global insurance broker such as Willis is proof that Malta is a jurisdiction of repute with solid regulation.”
“The presence of Willis assumes great importance because it shows that Malta is able to attract large multinationals to the island. The indications are that we are going to continue achieving this despite the economic and financial turbulence.”
Malcolm Cutts Watson, chairman of the Willis international captive practice, said: “Malta is an expanding financial services centre with close links to many European financial hubs enabling European organisations to easily set up their captives here.”
“They are impressed by the business centric experience provided by Malta. This applies not only to captives but also third party underwriters writing commercial books of risk.”
