Dr Matthew Bianchi of FinanceMalta considers the implications of Brexit and the Covid-19 pandemic on the jurisdiction.
Naturally, Brexit has had far-reaching effects both in the UK and the EU, be it in relation to free trade, human mobility and tourism – the financial services industry and insurance sector are no exceptions. The loss of the right for UK firms to passport throughout the EU has had a major impact on all those UK insurers and captives that wrote insurance business throughout the EU. As a result, UK insurers had to draw-up and implement contingency plans to ensure that policyholders were not negatively affected by Brexit, as well as to ensure continuity and regularity in the performance of the insurer’s activities.Read the full article published on the Captive Review Malta Report 2021
