Broker expands captive operation
Willis has announced the opening of a new captive management operation, Willis Management (Malta) Ltd.
The move is a response to growing captive insurer and third party writer opportunities, as Malta establishes itself as a leading financial centre.
Headed up by Mark Bromell, managing director, the new Malta company has already won its first client, Biffa.
Biffa, a FTSE 250 company recently taken private, is a leading integrated waste management business based in the UK.
Malcolm Cutts-Watson, chairman of Willis’ International Captive Practice, said: “We are very pleased to add Malta to our portfolio of EU captive offerings.
"Malta is a fast growing domicile and we intend to be part of its success. We are delighted that Biffa have chosen Willis Management (Malta) Limited to manage their captive and be our inaugural client.”
