Compre sets up shop in Malta

Legacy specialist Compre has received approval to set up an
insurance company in Malta as the Mediterranean jurisdiction
burnishes its credentials as a run-off hub.
The entity will be created by moving London & Leith
Insurance SE from the UK to Malta, Compre said.
Compre will use a structure known as a protected cell company
(PCC) - a Maltese facility unique in the EU
than means that assets and liabilities from one "cell" of
a business are ringfenced from the...