Ar­gus looks to ex­pand Malta op­er­a­tions

The Malta Business Weekly - - FRONT PAGE -

The Ar­gus Group is ac­tively ex­plor­ing op­por­tu­ni­ties to cre­ate a new in­sur­ance en­tity in Malta. The new en­tity would aim to meet emerg­ing needs of the Malta mar­ket as well as act as a base from which to pass­port into other Euro­pean mar­kets.

Speak­ing at a re­cent event for in­sur­ance bro­kers, Ar­gus Group chair­man, Sheila Ni­coll, said: “The Ar­gus Group con­tin­ues to be com­mit­ted to grow­ing and de­vel­op­ing its pres­ence in Malta. At a time of con­sid­er­able geopo­lit­i­cal change, sig­nif­i­cant op­por­tu­ni­ties emerge. Brexit is one ex­cel­lent ex­am­ple of a great op­por­tu­nity for Malta and we are de­lighted to see that gov­ern­ment and the busi­ness com­mu­nity are work­ing closely to­gether to cap­i­talise on th­ese op­por­tu­ni­ties.”

Dr Vanessa Borg, chief ex­ec­u­tive at AIAL, stated that thanks to the ded- ica­tion of em­ploy­ees and bro­kers, the com­pany is well set to con­tinue mak­ing in­roads in the lo­cal in­sur­ance sec­tor and will seek to fur­ther ex­pand its busi­ness.

The Ar­gus Group has more than 65 years of ex­pe­ri­ence in the fi­nan­cial ser­vices sec­tor. Head­quar­tered in Ber­muda, the com­pany re­ported net eq­uity of $134m and earn­ings of $12m in 2017.

The Group cur­rently op­er­ates nine busi­nesses in three ter­ri­to­ries, in­clud­ing Malta. More in­for­ma­tion is avail­able on www.ar­gus.com.mt and www.ar­gus.bm

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