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02 July 2012
Malta
Reporter Georgina Lavers

MDS launches protected cell company

European and Latin American insurance and reinsurance brokerage MDS Group announced the launch of HighDome PCC.

A statement from MDS said that the PCC will simplify the captive concept used by large corporations, enabling organisations to reduce and have long-term stability in their insurance costs.? ?

HighDome will primarily target medium sized enterprises and larger organizations with an individual strategic risk. It is a 100 percent subsidiary of MDS Group and is fully authorized and regulated by the Malta Financial Services Authority to conduct both insurance and reinsurance business in short tail risks.

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