Atlas Healthcare
Abate Rigord Street, Ta' Xbiex
T: 21 322 600 | E: denplan@atlas.com.mt
 
Maltese Insurer Guest Speaker at International Risk Congress

Atlas Insurance PCC Ltd’s risk analyst, Ian-Edward Stafrace, was invited to make a presentation at the 12th Annual Risk Management Congress in London on the opportunities of setting up protected cells in Malta.

Atlas is actively promoting Malta as an ideal European location for insurance business and, particularly, its protected cell facility.  Atlas has licensed four cells since its conversion to a PCC

The Congress was a practitioner based event, featuring over 20 leading risk managers from the UK, Europe and beyond. The Risk Congress addressed all the current challenges and new risks facing today's Risk Manager. It covered various themes including enterprise risk management, emerging risks, governance, strategy, risk culture and risk financing.

There is substantial interest in the facilities offered by the Maltese Protected Cell Company (PCC) structure as an alternative to the setting up of a standalone insurer, reinsurer or captive. 

Malta is currently the only full EU member state that offers PCC legislation. Through European passporting, Maltese insurance protected cells can provide insurance directly across Europe avoiding fronting costs and collateral requirements. Protected cells also benefit from significant cost and capital savings for medium sized entities versus establishing standalone companies.

As one of Malta’s leading insurers, Atlas PCC’s active core business allows greater flexibility for international investors to set up captive risk financing or third party writing insurance cells. As an independent PCC, Atlas also provides local insurance managers the opportunity to manage cells introduced by them.

Mr Stafrace has been invited to address the Global Risk Management Professional Development Forum in the UK next March.


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