LifeStar Group Chairman Paolo Catalfamo on Tuesday shared that the group’s strategy “is to expand into other European markets, continue to grow the business, primarily in life and health insurance, invest in insurtech platforms and establish partnerships with other health technology providers”.

His comments come off the back of a highly successful 2021, which saw the group register a 245 per cent increase in pre-tax profits, leading the company to consider making other acquisitions in Europe.

In 2021, the Group posted a pre-tax profit of €1.6 million and announced a net assets value of €25 million (increase of 35 per cent), with gross assets standing at €171 million.

The Group has continued the restructuring undertaken since the owners acquired LifeStar, formerly known as GlobalCapital, by implementing a strategic plan designed to permanently resolve legacy issues left by previous business operations and support the consolidation and future growth of the Group.

Related

Carlo Micallef promoted to Chief Executive Officer at the Malta Tourism Academy

27 May 2022
by Helena Grech

He served as Deputy CEO and Chief Marketing Officer for the past four years.

Rutvik Deepak named as new Gigify CEO

27 May 2022
by MaltaCEOs

‘Looking forward to adding value to the gig economy in Malta and beyond in my new role.‘

Emanuel Darmanin appointed Malta Information Technology Agency CEO

27 May 2022
by Helena Grech

He first joined the agency in 1994.

‘Proud moment’: IZI Group Chief Commercial Officer unveils national lottery rebranding

26 May 2022
by Helena Grech

IZI Group are the newest concessionaires behind Malta’s national lottery

Close Bitnami banner
Bitnami