Atlas Insurance CEO Matthew von Brockdorff on Monday saluted outgoing Atlas Insurance PCC Limited Chair Lawrence Zammit after his countless years of “hard work and commitment” to the company.
This came as the company announced the appointment of Malcolm Booker as the new Chair of the Board of Directors with effect from May 2023, succeeding Mr Zammit. Mr Booker was named Independent Non-Executive Director at the group in June 2022.
While welcoming Mr Booker’s appointment, Atlas Insurance expressed gratitude and appreciation to Mr Zammit for his “significant contribution” to the company’s success between 2012 and 2023. In 2012, he formed part of the first Board composed of a majority of Non-Executive Directors and took over the Chair of the Remuneration and Nominations Committee. From 2014, he took over the Chairs of both Atlas Insurance and Atlas Holdings’ Boards, as well as the chairing of the Investment Committee. Mr Zammit will continue to chair Atlas Holdings’ Board of Directors.
Mr von Brockdorff thanked Mr Zammit and augured Mr Booker well during an event following the recent Annual General Meeting: “Lawrence Zammit’s leadership over the past 11 years has helped set the tone at the top and led to our strong Board ethos founded upon good governance, hard work and commitment to continuous improvement.”
“We are convinced that Malcolm Booker will continue this legacy and look forward to continuing our path to further success with the same commitment,” he added.
A Chartered Accountant by profession, Mr Booker spent most of his career at Deloitte Malta, where he became a Partner in 1997, subsequently serving as CEO for six years between 2014 and 2019. During his career there, he also served as an International Tax Partner and was Lead Partner to a number of companies operating within the financial services and consumer products sectors.
He is also a Fellow of the Institute of Chartered Accountants in England and Wales, a Fellow of the Malta Institute of Accountants, and a Fellow of the Malta Institute of Taxation.
Atlas Insurance PCC Limited is Atlas Group’s flagship company, operating an extensive branch and intermediary network throughout Malta and Gozo. It has over 200 employees spread across 12 branches and 44 tied intermediaries across the country.
Outgoing Atlas Insurance Chair Lawrence Zammit / Atlas Insurance
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