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