London-based independent specialty Lloyd’s broker Servca is broadening its reach via an office in Malta.
“The future opportunities to expand and grow our business in Europe from a base in Malta are very exciting,” said Nomaan (Noah) Jamal, chief executive of the owner-managed brokerage.
“The island has a high concentration of domiciled European corporates as a result of an attractive tax regime and business-friendly eco-system with a particular focus on emerging risks such as technology, financial institutions, e-gaming/sports, and medical technology which complements our areas of specialist knowledge.”
Servca specialises in non-standard medical, financial, and professional lines insurance. Its operations in Malta will be run by business development manager Andrew Magri and executive director Ian Zammit.
“The region,” added the CEO, “is largely under-served for a client-centric specialty wholesale broker to deliver bespoke insurance solutions to retail brokers in the Mediterranean. We look forward to increasing our market share in post-Brexit Europe and realigning with our European broker-clients.”
