Malta

Malta has become an appealing jurisdiction to establish captive insurance companies for a number of reasons. The main reason why EIS PCC Ltd. is established in Malta is that it is the only EU jurisdiction that enables the PCC structure. The main benefit of the PCC is that a cell can use the core capital and therefore does not need to have its own Minimum Guarantee Fund. This is advantageous to those who wish to insure their own company but whose business might not justify the setting up of an individual insurance company from a capital point of view. The PCC needs to satisfy the Minimum Capital Requirements under the Insurance Business Act. The core does not need to take on any insurance risk itself, but must be solvent at all times based on the business written by the whole (i.e. including all cells).

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