Reuters logo
23 days ago
BRIEF-UK insurer Compre to set up co in Malta, says move not in response to Brexit
July 3, 2017 / 8:47 AM / 23 days ago

BRIEF-UK insurer Compre to set up co in Malta, says move not in response to Brexit

1 Min Read

July 3 (Reuters) - Compre

* Fas received approval from Maltese Financial Services Authority ("MFSA") to establish an insurance company in Republic Of Malta

* Company will be formed by transferring the domicile of London & Leith Insurance SE from the UK to Malta

* Move to Malta was not made in response to Brexit, had been an intention long before UK referendum

* A further regulated presence within European Union would not be a disadvantage for company-CEO

* Has secured additional funds for further acquisitions via a revolving credit facility with the Royal Bank of Scotland

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below