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CONTENTS 7 MALTA: DOMICILE UPDATE For such a geographically small island, Malta has emerged as a big player 10 WHY MALTA? Captive Review finds out why Malta is a top choice for captives 15 RISKY BUSINESS Dr Simon Grima of MARM tells risk managers all they need to know about setting up a captive 17 THE MALTESE ADVANTAGE Paula Rios of HighDome PCC discusses the benefits for captive structures in Malta 18 SOLID CREDENTIALS Chris Bond of HSBC talks about Malta’s recent growth and what HSBC can offer 20 PREMIUM ALLOCATIONS: GET IT RIGHT Adrian Sykes of AIG explains the benefits of having accurate premium allocations 22 A STANDOUT JURISDICTION Malcolm Falzon of Camilleri Preziosi discusses the advantages of domiciling in Malta 24 AN INSURANCE MANAGER WITH A TWIST Ron Clark discusses PCCs, ART solutions and Abacus’ role as an insurance manager 26 BUSINESS OPPORTUNITIES FOR CAPTIVE OPERATION Julian Boffa of FirstUnited discusses future opportunities for EU-domiciled captives 28 CELLS: THE NEXT GENERATION Ian-Edward Stafrace, of Atlas PCC, explains what differentiates Malta from other PCC jurisdictions 30 CAPTIVES AID MALTA’S ECONOMY Stuart King, of FiscalReps, discusses how Malta captive management firms add value and contribute to the local economy 32 A DELAYED OPPORTUNITY: SOLVENCY II Karl Micallef, of Curmi & Partners, discusses Solvency II and the impact it will have on captive investments 35 INDEPENDENCE, EXPERIENCE AND FLEXIBILITY Lawrence Pavia, of Island Insurance, talks to Captive Review about what to look for in an insurance manager 38 MALTA: MORE THAN BUSINESS Malta’s versatility makes it an ideal holiday destination as well as a great place to do business 41 SERVICE DIRECTORY 4 CAPTIVE MALTA REPORT 2014
Atlas Insurance PCC - an EU Insurance Protected Cell Company Create your own insurance vehicle Less Cost Less Capital Maximum Benefits Discover the advantages of our protected cell facilities Having been a leading Maltese insurer since the 1920s, Atlas became the first EU PCC after converting in 2006 and continues to write local business through its active non-cellular core. Today Malta is the only full EU member state with PCC legislation, offering a regulatory environment that is stable, reliable and tax efficient. To start your insurance cell, all you need is enough capital to support your business plan whilst Atlas caters for minimum regulatory requirements. And, through EU Passporting, you can avoid fronting costs by writing directly to the EEA including compulsory classes. We are an Independent PCC, also giving you the option to subcontract cell management to an authorised insurance manager. We offer benefits under Solvency II. Less costs thanks to shared governance, risk management and reporting. Less capital required as Atlas core capital surplus over SII requirements provides significant support. Find out what we can do for your company. Contact us for more details or a full presentation. t: +356 2343 5221 e: cells@atlaspcc.eu www.atlaspcc.eu Atlas Insurance PCC Limited is a cell company authorised by the Malta Financial Services Authority to carry on general insurance business.
Page 1 and 2: In association with From the publis
Page 3: INTRODUCTION In association with HE
Page 8 and 9: MALTA | DOMICILE UPDATE ing graduat
Page 10 and 11: MALTA | CASE STUDIES Captive Review
Page 12 and 13: MALTA | CASE STUDIES ArgoGlobal Why
Page 14 and 15: FiscalReps Launches International A
Page 16 and 17: MALTA | MARMA arrangement. Finally,
Page 18 and 19: MALTA | HSBC Chris Bond of HSBC spe
Page 20 and 21: MALTA | AIG You have navigated thro
Page 22 and 23: MALTA | CAMILLERI PREZIOSI Dr Malco
Page 24 and 25: MALTA | ABACUS Ron Clark, of Abacus
Page 26 and 27: MALTA | FIRSTUNITED The captive ind
Page 28 and 29: MALTA | ATLAS PCC Ian-Edward Stafra
Page 30 and 31: MALTA | FISCALREPS Stuart King, of
Page 32 and 33: MALTA | CURMI & PARTNERS Karl Mical
Page 35 and 36: ISLAND INSURANCE | MALTA Lawrence P
Page 38 and 39: MALTA | MALTA TOURISM AUTHORITY Mal
Page 41 and 42: SERVICE DIRECTORY ABACUS RISK MANAG
Page 44: Bespoke solutions for the set up an

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