Response to growing opportunities in the region, says broker
Willis Group Holdings has opened a new captive management operation in Malta, Willis Management (Malta).
The expansion is in response to growing captive insurer and third party writer opportunities, as Malta establishes itself as a financial centre. Headed up by Mark Bromell, managing director.
The first client of the new Malta company is Biffa. Biffa, a FTSE 250 company recently taken private, is a integrated waste management business based in the UK.
Malcolm Cutts-Watson, chairman of Willis’ international captive practice, said: “We are very pleased to add Malta to our portfolio of EU captive offerings. Malta is a fast growing domicile and we intend to be part of its success. We are delighted that Biffa have chosen Willis Management (Malta) Limited to manage their captive and be our inaugural client.”