Ian-Edward Stafrace, of Atlas PCC, gives insight into how cells can attract innovation. “Protected cell companies can be seen as platforms to experiment, incubate or launch new technology-driven business models.” Malta is enabling cells not only for use in self-insurance captives, but also in directly writing third party risks and consumer business. As a full…
Atlas Insurance PCC’s cell business expertise was acclaimed internationally when it won Best Cell Captive Initiative for the 2016 edition of the European Captive Services Awards. Organised by Captive Review, the European Captive Services Awards reward firms and service providers in the insurance industry which demonstrated the highest levels of excellence over the past 12…
Every two years, the Federation of European Risk Management Associations (FERMA) organises a well-established seminar exclusively for risk managers, located in a different country, each time with the support of the local member association. This attracts hundreds of risk professionals from across Europe. In October 2016, for the first time, Malta is hosting this seminar…
FinanceMalta Podcast featuring Ian-Edward Stafrace, Atlas’ Chief Risk Officer
Protected Cell Companies Malta is the only EU member state with Protected Cell Company (PCC) legislation, which provides numerous advantages compared to stand-alone insurance companies or captives. A unique element of a PCC is that an insurer can write business through the ownership of a protected cell, using the core’s capital.
Angele Grech, director of the MFSA Authorisation Unit, speaks to Captive Review about Malta’s innovative establishment of a regulatory regime for protected cell companies.
Groundbreaking Cell to Write UK Motor Liability Insurance Directly From Malta for the World’s Largest Online Supermarket London, UK, January 31st, 2011: The Captive Practice of Willis Group Holdings (NYSE: WSH), the global insurance broker, and Atlas Insurance PCC (Protected Cell Company), the Malta-based insurer, have become the first in the insurance industry to…
Ian-Edward Stafrace, Chief Risk Officer of Atlas PCC talks to Captive Review on what differentiates Malta from other PCC jurisdictions and how Solvency II is helping drive growth in cells within the EU Captive Review (CR): As a full EU member state, what differentiates Malta’s PCC legislation versus offshore jurisdictions? Ian-Edward Stafrace (IES): PCCs are…
In collaboration with British Insurance Brokers Association (Biba) and with the support of the Malta Financial Services Authority (MFSA), Atlas Insurance has held an afternoon seminar at Lloyds Building in London with the theme Protected Cells – When Size Does Not Matter. Atlas Insurance PCC Limited is actively promoting Malta as an ideal European location…