In line with the company philosophy of always being at the forefront of the changing insurance scenario and of the company’s involvement in the wider international spectrum the directors felt that converting to a PCC was the natural process in this development.
With this new structure the company may offer its international clients the following advantages when using Malta as a domicile of choice:
• Ability to intermediate policies directly into the EU and European Economic Area.
• Regulation to EU standards with the flexibility and responsiveness for which the most successful established domiciles are favoured.
• As an established financial centre, insurance, legal and accounting expertise are all available within Malta’s highly trained professional workforce.
• Tax efficiency and in addition, Malta has double taxation tax treaties with over 60 countries.
John Tortell, the managing director commented that this new company development will add to the wide range of services the company offers its clientele.