“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.”
The gender imbalance across Malta’s corporate landscape remains striking.
The experienced executive said the firm has 'enormous potential for innovation, strengthening partnerships and scaling across global markets'
The Phoenicia Malta blends five-star elegance with award-winning cuisine and exceptional hospitality to create the ideal setting for group events ...
For the last two years she has served as head of the group’s Luxury Living Sustainable Hospitality Company.