International General Insurance Holdings Ltd. (IGI) announced it has set up a European subsidiary in Malta in order to access business across Europe.
International General Insurance Co. (Europe) SE (IGI Europe), a subsidiary of Bermuda-based International General Insurance Co. Ltd., has been granted a license from the Malta Financial Services Authority and is authorized to begin writing business.
IGI also announced that Keith Mallia-Milanes has joined IGI as chief executive officer of IGI Europe. Mallia-Milanes has more than 35 years of industry experience. Mallia-Milanes joins IGI from MAPFRE Middlesea, where his latest role was assistant general manager responsible for the Technical & Operations Division that included underwriting, reinsurance, claims, policy issuing and product management. He previously held other senior management and executive roles within MAPFRE both in Malta and Italy, and before that with other leading Maltese insurance operators.
Reporting to Andreas Loucaides, chief executive officer of IGI UK, Mallia-Milanes will be responsible for all aspects of IGI Europe’s operations as well as business development across European markets.
“I am delighted to announce the launch of IGI’s European operation,” Loucaides said. “IGI’s footprint in mainland Europe, prior to the UK’s withdrawal from the European Union, was managed through relationships between our UK-based underwriters and London brokers. Operating from Malta presents a good business growth opportunity and will better enable IGI to service European clients. Under Keith’s leadership, we will continue to build out our European team and grow our portfolio in continental Europe.”
“IGI Europe is open and ready for business,” said Mallia-Milanes. “IGI has a well-established reputation as an agile and disciplined underwriter, and IGI Europe will deliver that focus and ingenuity to the European market.”
IGI Europe is authorized by the MFSA to write a full suite of IGI products and will exercise passport rights across the European Union (EU) and European Economic Area (EEA).
Source: IGI
Topics Europe
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