Lime Street to underwrite risks for EEA entities
Willis has launched a captive insurance facility in Malta.
The Lime Street Insurance PCC Ltd (Lime Street) facility is owned and managed by Willis, and helps provide lower capital commitment and reduced operating costs for clients.
A protected cell company (PCC), Lime Street has been established to underwrite risk for entities across the European Economic Area (EEA).
The PCC will be managed by Willis Management (Malta) Limited which is headed by Anne Finn, executive director.
Malcolm Cutts-Watson, chairman of the Willis International captive practice, said: "Lime Street Insurance PCC Ltd brings captive technology to a number of entities that may have thought this option was unavailable to them. We chose Malta as our jurisdiction since it offered all the benefits of EU membership, together with responsive regulation, strong infrastructure and a flexible fiscal regime."