May
29

Malta’s Proposition to the Insurance Sector

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​ One may well ask, with so much competition, what can Malta offer which distinguishes it from other jurisdictions? During the past years, Malta's economy has flourished into one of the most dynamic economies within the European Union (EU). It has recorded positive and strong economic performance.European Commission Spring 2019 Economic Forecast for Malta estimates real GDP growth for 2018 at 6.6% and unemployment rate at 4%.This robust performance has contributed to Malta being re-affirmed with high credit ratings from rating agencies such as Standard and Poor's,...
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Apr
22

MFSA Issues Note for Information on the General Good Provisions Applicable to European Insurance Undertakings Passporting in Malta

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Following the application of the Conduct of Business Rulebook to the insurance sector on the 1 st October 2018, there was a lacuna in terms of the rules which European insurance undertakings are required to observe when carrying on cross-border business in Malta on a freedom of services basis. To address this lacuna, on the 16 th April 2019, MFSA issued amendments to Chapter 9 of the Insurance Rules on Freedom of Establishment and Freedom to provide Services by a European Insurance Undertaking and a European Reinsurance Undertaking. These amendments identify the r...
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Feb
20

MAMO TCV Advocates speaker and panel member at FinanceMalta London event on Malta's Proposition for UK Financial Services on the 21st February 2019.

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FinanceMalta is organizing an event entitled 'Malta's Proposition for UK Financial Services' with a high-level focus on Malta, consisting of four focused discussions on Asset Management, Insurance, Private Wealth, and Blockchain.  Ms. Romina Bonnici, Senior Manager-Regulatory & Compliance at Mamo TCV Advocates, will be addressing an introductory speech during the Insurance discussion on Malta's landscape of opportunities in insurance. Ms. Bonnici will also be a panel speaker on the insurance panel discussion. Disclaimer This document does not purport to g...
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Jun
05

EIOPA Opinion on the solvency position of insurers and reinsurers in the light of Brexit

EIOPA Opinion on the solvency position of insurers and reinsurers in the light of Brexit
On the 18th May 2018, the EIOPA issued an Opinion on the solvency position of insurers and reinsurers in the light of Brexit. The withdrawal of the UK from the EU might have an impact on the solvency position of insurers and reinsurers.Technical provisions, own funds, and capital requirements of insurance and reinsurance undertakings established in the EU (other than the UK) can change when the UK becomes a third country (non-EU), for the purposes of applying the Solvency II framework. Solvency II and other financial regulations distinguish between activities insi...
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Jun
04

Mamo TCV participates in FinanceMalta Annual Conference held on the 17th May 2018

Mamo TCV participates in FinanceMalta Annual Conference held on the 17th May 2018
Mamo TCV participated in the FinanceMalta Annual Conference which took place on the 17th May 2018 at the Hilton Conference Centre, St Julians.Ms. Romina Bonnici – Senior Manager, Regulatory & Compliance represented the firm as a Panellist on the Panel Discussion dealing with the Insurance Distribution Directive 2016/97.The Panel Discussion provided an overview of this Directive and its main changes compared to the Insurance Mediation Directive 2002/92/EC with the discussion focusing on its implementation and relevance to the Maltese market.
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