Middlesea House

“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.”

Related

Arkadia

‘Truly excited to dive headfirst into this role’: Dave Shaw named General Manager at Arkadia

28 March 2024
by Fabrizio Tabone

He previously worked as Associate Director – Infrastructure – Markets at KPMG Malta for more than five years.

MEA President calls for economic objectives to be designed in tandem with well-being indicators

28 March 2024
by Fabrizio Tabone

Joanne Bondin was speaking during the association’s 59th AGM, focusing on the need for an economic transformation that moves people ...

CEO Arnaud Denis says 2023 was a year of ‘consolidation and delivery’ for MeDirect

28 March 2024
by Fabrizio Tabone

Over the year, it recorded increases in profitability, driven by a rise in loans and advances to financial institutions and ...

‘There is no finish line when battling financial crime’ – BOV CEO Kenneth Farrugia

27 March 2024
by Robert Fenech

Malta has been criticised for its slow implementation of anti-currption recommendations made five years ago.

Close Bitnami banner
Bitnami