Ten years ago to the month, Gasan Insurance and Galdes & Mamo merged to form what is now a household name in Malta, GasanMamo Insurance. To commemorate this important anniversary, Prime Minister Lawrence Gonzi and Opposition Leader Joseph Muscat were guests of honour at a dinner. Other distinguished guests included the chairman, director general and director – Insurance of the Malta Financial Services Authority, together with directors and senior management of the company. The Hon Minister of Finance was unable to attend due to pressing engagements overseas.

In 1999, GasanMamo Insurance embarked on a journey that has proved beneficial to all stakeholders. The company has continued to grow in terms of market share, distribution channels and lines of business. The prudent stance taken by the board has provided stability in a sometimes volatile market. For the first four years, GasanMamo Insurance was an insurance agency, representing CGU Insurance, part of the UK’s largest insurance group Aviva. In 2003 GasanMamo Insurance converted into to an insurance company. This was a monumental change, however, it was implemented seamlessly, always maintaining the highest standards in all that was delivered to customers as well as ensuring financial strength and a long term view.

“The merger has proved to be a resounding success and the company has grown and evolved into a leading financial services institution on the island,” said GasanMamo Insurance chairman, Mr J. Gasan, in his speech on the occasion. He thanked all those who have contributed to this success including the regulators, the board, management and staff and, of course, the clients without whom nothing would be possible.