Danielle Her­mansen

PKF Malta’s dis­cusses how Malta can and is mak­ing full use of its po­ten­tial in the in­sur­ance in­dus­try.

Malta Independent - - BUSINESS & FINANCE -

PKF Malta in col­lab­o­ra­tion with Fi­nanceMalta is to par­tic­i­pate in an event called “New York Cap­tive Own­ers Sum­mit”, planned to take place on 31st Oc­to­ber in New York. This is a se­quel event that will be hosted by the British firm Cap­tive Re­view in an in­no­va­tive, more in­ti­mate set­ting, es­pe­cially for­mu­lated to at­tract Amer­ica’s lead­ing cap­tive own­ers. It is ev­i­dent that op­por­tu­ni­ties to at­tract in­vest­ment to Malta from the lu­cra­tive US mar­ket are rich but th­ese need to be prop­erly nur­tured. The har­vest is ripe for those who ven­ture forth so it fol­lows that Fi­nanceMalta, which is al­ways ready to stim­u­late in­ward in­vest­ment, be­lieves this ini­tia­tive will help Malta in its quest to re­main a com­pelling propo­si­tion for prospec­tive in­vestors seek­ing to es­tab­lish or ex­tend their foot­print in Europe.

The New York Cap­tive Own­ers Sum­mit is a highly ex­clu­sive learn­ing and net­work­ing event, cen­tred on a se­ries of in-depth round­table ses­sions. This event will pro­vide in­vestors with all the in­for­ma­tion needed to set up and run a suc­cess­ful cap­tive through one day of in­depth pre­sen­ta­tions, panel de­bates, case stud­ies and round-table dis­cus­sions. As a closed gath­er­ing of prospec­tive cap­tive own­ers, there will also be plenty of time, space and pri­vacy for net­work­ing with other pro­fes­sion­als who share busi­ness goals and vi­sion, via a se­ries of for­mal and in­for­mal re­cep­tions and ac­tiv­i­ties. One au­gurs that such ini­tia­tives by the pri­vate sec­tor serve as a cat­a­lyst to place Malta on the radar screen when­ever risk man­agers are con­cerned.

Post Brexit ques­tions about US sub­sidiaries pon­der­ing on where to move to in Europe are be­com­ing more fre­quent so the hope is that the event will at­tract the at­ten­tion of large cap­tive man­agers. Fur­ther­more, there will be in­dus­try providers the likes of Beecher Carl­son, R&Q, Suther­land and Spring Group, apart from in­vi­ta­tions sent to le­gal firms, in­vest­ment man­agers, bank­ing ex­ec­u­tives and heads of States in­sur­ance reg­u­la­tors in the US.

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