FinanceMalta attends Captive Live UK
FinanceMalta, the public-private partnership set up to promote Malta's financial services sector, is attending Captive Live in the UK on February 12 and 13 as the organisation seeks to kick-start 2013, seeking to capitalise on the positive growth of Malta’s financial services industry during 2012.
The Maltese Islands cover an area of just 122 square miles in the Mediterranean Sea, but, together, they punch well above their weight in terms of their importance to the global financial system.
Malta has one of the world's most secure EU onshore financial jurisdictions, and has established itself as a domicile of choice for the growing hedge fund industry. During 2011 and 2012, the Maltese Islands have emerged as one of the primary routes for financial flows into and out of the Mediterranean basin.
Insurance is one of the pillars of the wider Maltese financial services industry. Captive Live UK is the UK's leading captive insurance conference and exhibition, attracting over 600 delegates including 150 captive owners. Malta's accession to the EU attracted an influx of captives given the country’s fully compliant EU legislation. Malta is the only full EU Member State to offer Protected Cell Company (PCC) legislation, giving it additional appeal to captive managers looking at sharing the higher capital and management costs excepted from Solvency II rules. Malta’s captive sector includes a number of Fortune 100 companies and blue-chip multinationals such as BMW, Peugeot, Citroen and Vodafone.
FinanceMalta’s stand at Captive Live is aiming to educate visitors about the legal, regulatory and licensing regime in place, as well as ensuring that FinanceMalta members who attend have as many opportunities as possible to meet with potential clients.
The Maltese delegation will benefit not only from 2 days of workshops, closed sessions and exhibitions, but will also be able forge new business relationships with the global audience attending Captive Live. Head of Business Development at the Public-Private Partnership Bruno L’ecuyer states, “FinanceMalta continues to define its role as increasing the visibility of Malta’s International Financial Centre, enhancing business opportunities for overseas corporations. FinanceMalta continues to heighten Malta’s visibility and credibility in the sector’s international markets with this ‘Captive Live’ presence’.