Brokers urged to explore protected cells for doing business in Europe

Protected Cell Companies in Malta could provide a lifeline to brokers and other UK insurance businesses seeking to write business in the European Economic Area (EEA) after Brexit.

Speaking alongside Kenneth Farrugia, chair of Finance Malta, at a City event for insurance specialists,* Michael Whitfield, non-executive director of specialist insurer Building […]

June 7th, 2017|Latest News, News|0 Comments
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Strong Foundations laid for Building Block in first year of Trading

Building Block PCC Ltd has delivered 10 schemes and seven niche product lines since the company began trading a year ago. CEO Paul Brierley hailed the ‘fast start,’ made by the Malta-based protected cell business, in what he called “some of the most challenging conditions in the UK insurance market […]

November 9th, 2016|News|0 Comments
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Building Block Insurance PCC Limited is a cell company authorised under the Insurance Business Act, 1998 to carry on general insurance business in or from Malta and is regulated by the Malta Financial Services Authority (Co Reg No C63128). Deemed authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority.
The nature and extent of consumer protections may differ from those firms in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website