Press release content from Business Wire. The AP news staff was not involved in its creation.
IGI Granted Approval for a European Subsidiary in Malta
July 13, 2021 GMT
HAMILTON, Bermuda--(BUSINESS WIRE)--Jul 13, 2021--
International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that it has set up a European subsidiary in Malta to directly access business across Europe.
International General Insurance Company (Europe) SE (“IGI Europe”), a subsidiary of Bermuda-based International General Insurance Co. Ltd., has been granted licensing by the Malta Financial Services Authority (“MFSA”) and is authorized to begin writing business.
IGI also announced that Keith Mallia-Milanes has joined IGI as Chief Executive Officer of IGI Europe. Mr. Mallia-Milanes has more than 35 years of industry experience. Keith 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.