“We expect that with the vaccine rollout gaining traction and the pandemic spread restrained, the economy starts heading to much-needed growth,” said Martin Galea, Non-Executive Chairman of MAPFRE Middlesea and Director of MAPFRE MSV Life.
His comments were made in light of the Group’s annual report for 2020, which registered a profit of €14.29 million after tax, including MAPFRE Middlesea and MAPFRE MSV Life.
MAPFRE Middlesea p.l.c., as a standalone Company, registered a turnover of €75.12 million in gross premium written, a one per cent increase over 2019, and a marginal increase in its market leadership share.
For the rest of 2021, Mr Galea said, “we expect the demand for general business to grow at a lower rate than that experienced in recent years, while that for the protection savings and investments products in life to remain strong.”
This comes after Martin Saliba’s term ended after three years at the helm.
He first joined the organisation in 2015 as Head of Business Development
He leaves Esports Entertainment Group after a year as Vice President of Information Security.
Co-Founder Jörgen Nordlund will take over the position on an interim basis until a replacement is found.