Sovereign Insurance Services has opened in Malta to service clients in Gibraltar with EU risk exposure and develop its offering on the island.
The corporate, personal wealth and tax planning advisory group already provides pension and trust services in Malta.
Set up in Gibraltar in 2012, Sovereign Insurance offers cover to corporate and high net worth individuals who often have cross-border exposure or need international solutions.
The opening of the office is designed to assist clients in two ways, said Neil Entwistle, managing director of Sovereign Insurance.
“Firstly, our local clients with assets or business exposure in the EU need assurances that, post-Brexit, in whatever shape or form Brexit is delivered, we can continue to provide cover seamlessly across their corporate or individuals portfolio.
“Whether based in Gibraltar, UK, EU or beyond.”
Secondly, Entwistle believes that there is a gap in the current market offering that Sovereign can fill.