In a bid to reach as many investors as possible, FinanceMalta, a public-private partnership established to promote Malta as an international financial centre, will be streaming a new podcast on its website shortly.
This follows a FinanceMalta podcast on banking in Malta with Dr Pierre Mifsud from EMD Advocates and another on fund business in Malta with Dermot Butler, chairman of Custom House Global Fund Services Ltd. FinanceMalta’s latest podcast features an interview between Dr Christian Pisani, a German lawyer from Müller & Pisani in Munich, and Joseph Cutajar, managing director of the MIB Insurance Group. This podcast will outline the scope, expertise and opportunity to be found in Malta’s insurance market, where the incoming investor can secure and insure operations in Malta whether his operations are focused on North Africa, Europe or beyond.
FinanceMalta’s latest podcast will discuss Malta as a mature insurance market with a sophisticated level of development and a full supporting structure, including the big four accounting firms, expert legal firms, banks and insurance structures. Malta’s human resources support both general insurance and niche expertise.
Malta is closely linked to international markets, particularly the UK and the City of London, and is aligned with the London market for insurance and reinsurance purposes. Generally, the country enjoys lower HR costs than competing jurisdictions. It also enjoys lower peripheral set-up costs and has the added convenience of those regulatory issues being handled by a formally regulated framework.
Malta is popular with many international companies who choose to set up here. It is a jurisdiction of choice, given the high standards of regulation, its proximity to the North Africa market and the passporting advantages that allow international entities, once licensed in Malta, full access to European markets. Given its close ties to the African continent, with North Africa being only 45 minutes away by air, Malta provides a unique level of access. It has an extensive legacy of operations with these North African markets, including a double-taxation agreement with Libya.
Apart from these services, Malta offers a broad range of value-added brokering services, providing insurance solutions together with risk management as well as options on alternative risk mechanisms. The broking market has been growing for over 30 years now, offering a flexible approach from regulator to operators with ICC structures, captives and PCCs.
FinanceMalta chairman Kenneth Farrugia commented: “This is just one of the many initiatives that aims to reach as many potential investors as possible using a variety of media outlets. The partnership we have with private industry makes this type of project a reality.”
The FinanceMalta podcasts are available in the Multimedia segment of the Gallery section through the FinanceMalta website www.financemalta.org