Marco Insurance PCC secures Malta licence, targets legacy sector
The Malta Financial Services Authority (MFSA) has granted a licence to Marco Insurance PCC to operate as a property & casualty (P&C) insurance and reinsurance company in the country.
Marco Insurance PCC is a subsidiary of Marco Capital Holdings, the European P&C insurance run-off group.
The business has been established as a Protected Cell Company (PCC) and is now licensed in Malta for all 18 classes of non-life insurance and reinsurance.
“I am delighted to announce that the Malta Financial Services Authority has authorised and approved Marco Insurance PCC Limited,” said Simon Minshall, CEO of Marco.
“This essential step in Marco’s development comes at a time of substantial change in the European P&C Legacy sector.
“Marco is well placed to offer attractive and competitive solutions to facilitate greater risk, capital and operational efficiency within European P&C, enabling insurance groups to place even more emphasis on new business opportunities.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
