Bernard Mallia receives regulatory approval as MAPFRE Middlesea Chief Officer Internal Audit

MAPFRE Middlesea plc on Friday (today) announced that regulatory approval has been granted for the appointment of Bernard Mallia as Chief Officer Internal Audit.

While he was appointed last December, regulatory approval was obtained from the Malta Financial Services Authority (MFSA) as of Wednesday 15th May 2024.

Mr Mallia’s appointment came after Mario Debono, the former Chief Officer Internal Audit, had expressed his desire to resign at the end of 2023. Mr Debono has since joined Bank of Valletta plc (BOV) as Head, Quality & Reporting, Group Internal Audit.

Mr Mallia had been identified as the suitable replacement after an “intensive recruitment process” was conducted.

He graduated with a Bachelor of Accountancy (Hons) from University of Malta in 2010, and also read for a master’s degree in Financial Services from the same university.

Prior to his latest role, Mr Mallia worked at BOV as Internal Audit Manager for four years. He has previously occupied an accounting role within MAPFRE Group, having served at MAPFRE MSV Life for more than five years. He also has external audit experience with KPMG Malta.

In his new role, Mr Mallia will be reporting to the company’s audit committee.

MAPFRE Middlesea, a subsidiary of Spanish multinational firm MAPFRE, was established in 1981 as the first insurance company transacting general business in Malta.