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The Insurance Association Malta is an association of companies that carry on insurance business in or from Malta.  Its principal focus is to provide a meeting place for insurers to exchange information and formulate policy.  This enable insurers to formulate common approaches on all matters which affect their business.  In this way insurers in Malta can react with one voice to developments that are taking place around them, be they of a regulatory, legislative, compliance or commercial nature.

The Insurance Association Malta thereby contributes to the growth of insurance business in Malta by sustaining a healthy environment for its development.  By representing the common interests of insurers, the Association is able to promote, defend and speak up for the views of insurers with local and European institutions, as well as with other non-governmental bodies.  By focusing on the usefulness of insurance as a means for mitigating losses in daily life, the Association links the interests of insurers with those of customers and society at large.

We, at the Association, believe that a healthy insurance market is sustained by professionalism and excellence.  Towards this end, we promote fair practice and provide intelligence and a strong knowledge base to insurers.  We often do so by undertaking studies on matters that affect insurance business and in general by advancing the views of our members in public media debate.  We consider fairness, transparency and knowledge as vital guiding principles to our mission.

Finally, our mission also involves full participation in the activities of the Malta Green Card Bureau and the Motor Insurers’ Bureau. The Insurance Association seeks to accomplish its mission by generating a consistent structure for progress within the commercial activities of its members and beyond.

Council Members & Chairpersons 2023/2024

Council Members

Airell John Costantino


Adriana Zarb Adami


Angela Tabone


Anthony Cauchi


Catherine Calleja

Vice President

Etienne Sciberras


Javier Moreno Gonzalez


Joseph Naudi Montaldo


Julian Mamo


Paolo Catalfamo


Reuben Zammit


Sebastian Kittel


Sector Chairpersons

Lawrence Formosa

Motor Sector Chairperson

Reuben Zammit

Life Sector Chairperson

Olivia Darmanin

General Sector Chairperson

Alessandra Zammit

Health Sector Chairperson

Erika Bajada

Regulatory Affairs Sector Chairperson

Past Presidents

2023 - Current

Mr Julian J Mamo


2021 – 2023
Mr Anthony Cauchi

2019 – 2021
Mr Felipe Navarro Lopez


2017 – 2019
Ms Catherine Calleja


2015 – 2017
Mr Julian Mamo


2013 – 2015
Mr Lino Ferris


2011 – 2013
Mr Matthew von Brockdorff


2008 – 2011
Mr Albert P Mamo


2006 – 2008
Mr David G Curmi


2004 – 2006
Mr Mario C Grech


2002 – 2004
Mr Albert P Mamo


2001 – 2002
Mr Mario C Grech


2000 – 2001
Mr Lino Ferris


1998 – 2000
Mr Mario C Grech


1997 – 1998
Mr Robert von Brockdorff


1995 – 1997
Mr Walter G Camilleri


1994 – 1995
Mr Joseph E Grech


1991 – 1994
Mr Albert P Mamo


1990 – 1991
Mr Richard A Micallef


1987 – 1989
Mr Wilfred N Mamo


1985 – 1987
Mr Walter G Camilleri


1983 – 1985
Mr Wilfred N Mamo


1982 – 1983
Major Francis X Grima


1980 – 1982
Mr Wilfred N Mamo


1978 – 1980
Major Francis X Grima


1976 – 1978
Major Alfred Cachia


1975 – 1976
Mr J Caruana Montaldo


1973 – 1975
Mr Wilfred N Mamo


1971 – 1973
Mr Alfred W Formosa


1969 – 1971
Mr Joseph W Micallef


1967 – 1969
Mr J Caruana Montaldo


1965 – 1967
Mr Alfred W Formosa


1964 – 1965
Lt Col Albert V Mallia


1961 – 1964
Mr J Caruana Montaldo


1960 – 1961
Capt Frederick J Cooper


1958 – 1960
The Hon Edward G Arrigo


1952 – 1958
Lt Col Albert V Mallia


1949 – 1952
Mr George E Camilleri


1948 – 1949
Lt Col Albert V Mallia


Our History


Insurance activities have long been part of Malta’s tradition because of the link with Malta’s maritime trade with other Mediterranean countries.  This long tradition can be traced as far back to the fourteenth century, when Maltese merchants partnered with Catalan seafarers in maritime trade and insurance. 

Already a developed business activity in the eighteenth century, insurance received a further boost under Britain’s dominion with the establishment, from 1807 onwards, of insurance companies that underwrote maritime risks with strong inflows of English capital.  British influence was to restructure the insurance tradition in Malta, with English law and practice shaping the way insurance is transacted to this very day.  Domestic insurance activity received a further boost in the post war years when third party motor insurance became compulsory.  Thus when in 1964 Malta achieved its independence following 164 years of British rule, insurance was firmly rooted with a vast network of major English insurance companies operating on the island through many branches and agencies.

For the next thirty years or so after independence, insurance in Malta continued to be agency oriented, reporting mostly to insurers in England.  This was a time when Malta’s economy was moving rapidly from a military and naval base to one dependant on manufacturing, tourism and the service industry.  This transformation gave rise to new risk profiles and exposures with insurance protection and risk management becoming a vital component for Malta’s new industrial strategy.  The country’s capability to adapt to these demands was facilitated by a strong local insurance presence which could tap into an existing pool of human resources and a ready access to the London insurance market.

The transition from an agency insurance market to an indigenous local base came about in the twenty-five years following the departure of the British forces from Malta in 1979.  The newly elected Labour Government increased its direct participation in many primary sectors of the economy.  Government was controlling banking, energy supplies, shipping, air transportation and telecommunications, and this concentrated a demand for insurance within the public sector.  Existing insurance operators together with Malta’s first locally registered insurance company participated in this sudden growth of insurance activity.  Newly enacted legislation provided a solid foundation for this activity whereas a newly created Insurance Institute trained many professionals who found ready employment in this burgeoning industry. 

By the start of the new millennium the local insurance market had developed significantly and had also branched into other areas of risk management and ancillary broking activities.  However business continued to be dominated principally by agencies of UK insurers.  This was reversed at the turn of the century when scale-economies and an unprecedented amount of mergers and acquisitions, involving major UK companies operating in Malta, transformed many local agencies into indigenous insurance companies and triggered growth for domestic life insurance companies.

Further growth in the insurance market was triggered when Malta streamlined its financial services sector and re-launched it as the fourth pillar of economic activity.  A major legislative reform in 1994 and 2002 stimulated the development of a finance industry servicing both domestic and international economic activity.  In the process, insurance legislation was aligned to EU and other internationally recognized standards.  Malta’s EU accession in 2003, as well as other economic and fiscal reforms provided the right ingredients to enable the insurance industry to expand overseas. 

The insurance sector’s successful overseas performance is today firmly anchored in its passporting rights as member of the European Union as well as in Malta’s innovative regulatory and fiscal regime. 

The European passporting regime makes it possible for domestic insurers, brokers and other intermediaries to offer their services in any other EU or EEA member state.  This has added to Malta’s attraction as an insurance domicile and has attracted European insurance operations seeking a more cost effective jurisdiction.  It has also drawn other non-EU insurance companies or intermediaries seeking to tap into the EU insurance market.  They can provide insurance from Malta, directly across Europe, thereby avoiding fronting costs and other collateral requirements.

Malta’s innovative regulatory regime ensures that insurance regulation is fully compliant with EU regulatory standards whilst at the same time being very open to the needs of insurance businesses.  Its advanced features provide for different types of insurance structures, including reinsurance companies, insurance intermediaries, captives and cell formations.   

Malta’s accession to the EU attracted an influx of captives and the country is now recognized as a sophisticated jurisdiction for captives.  Moreover, Malta is still the only full EU member state with legislation for protected cell companies and incorporated cell companies.  Protected cells benefit from lower running costs and greater asset efficiency.  This dynamic insurance infrastructure has not only attracted insurers but has also drawn a growing number of insurance managers and service providers.  Insurance managers have set up in Malta to provide many front-end and back-office work for captives, protected cell companies, third party insurers and reinsurers.

Over the past few years, Malta has also established itself as a centre for the management and administration of cross-border pension vehicles, providing appropriate solutions for international operating companies for the benefit of their employees.  Malta’s present international pension scheme legislation, combined with its EU membership, has already resulted in a number of pension trustees establishing internationally-based pension schemes in Malta.  

During the fifty years since independence, the Maltese insurance sector has experienced rapid transformation, emerging from a tightly controlled family-run agency business into an indigenous corporate set-up, with an increased focus towards overseas expansion.  The sophisticated regulatory regime continues to offer the industry with a selection of tools to meet the demands of a highly competitive local and international market.  The biggest challenge will remain as to how to further stimulate domestic growth and attract a greater share of international business.

Our team


Adrian J. Galea


Louise Camilleri


Mary Seychell

P.A. to the Director General & Secretariat Co- Ordinator


Charles Zarb


Mark Asciak



Valerie Gauci

Statistics Officer