In December 2016, the Malta Financial Services Authority approved one new pure captive, bringing the local total number of captive insurers to 10.
The newly registered captive insurer is Fresenius Medical Care Global Insurance, owned by Fresenius Medical Care, a medical products supplier based in Germany.
Malta also hosts a large number of major insurance companies established by multinational groups, including British telecom giant Vodafone and French automaker PSA Peugeot Citroën. As these companies also underwrite substantial third-party business, they are not included in the captive insurer statistics.
In the prior year, Gibraltar added only one new single-cell captive, with no new pure captives or protected cell companies and no captive exits. By the end of 2016, the jurisdiction had 4 pure captives, 3 protected cell companies and 35 individual cells.
