Ban­nis­ter in­cluded in Power 50

The Malta Business Weekly - - FRONT PAGE -

The chair­man of the Malta Fi­nan­cial Ser­vices Author­ity, Joe Ban­nis­ter, has made it to the Power 50, a list pub­lished an­nu­ally by Cap­tive Re­view mag­a­zine of the “most in­flu­en­tial pro­fes­sion­als in the global cap­tive in­sur­ance in­dus­try”.

Prof. Ban­nis­ter was a new en­try in the 47th po­si­tion, with Pe­ter Allen, the CEP of Aon Cap­tive and In­sur­ance Man­age­ment tak­ing top po­si­tion for the first time.

The list was based on 4,800 votes re­ceived in De­cem­ber, with ar­ti­cle au­thor Richard Cutcher say­ing this showed the “grow­ing va­ri­ety of com­pa­nies and ex­per­tise serv­ing the al­ter­na­tive risk space”.

In the write-up, Cap­tive Re­view said: “Malta and Ban­nis­ter are trusted by more than a hand­ful of Europe’s multi­na­tion­als with cap­tives but the ju­ris­dic­tion con­tin­ues to un­der­sell it­self as a cap­tive domi­cile be­cause of the way it clas­si­fies in­sur­ance com­pa­nies. It re­mains the only EU domi­cile to fa­cil­i­tate cell com­pany busi­ness, putting it in a strong po­si­tion as Sol­vency II takes full ef­fect.”

This year, Cap­tive Re­view also in­tro­duced an in­dus­try-wide Hall of Fame recog­nis­ing the most in­flu­en­tial in­di­vid­u­als in the in­dus­try over the past 50 years, with 13 in­ductees, who will be re­viewed each year in De­cem­ber.

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