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Mapfre MSV Life p.l.c. is jointly owned by Bank of Valletta p.l.c. and Mapfre Malta.
Bank of Valletta p.l.c. is a leading financial services provider in Malta, providing a full range of financial services including investment banking, private banking, fund management, bancassurance and stockbroking, whilst Mapfre Malta is the leading non-life insurance provider in Malta and a subsidiary of Mapfre, the leading insurance group in Spain.
Mapfre Msv Life p.l.c is the leading life assurance company in Malta offering life assurance protection, savings, investment and retirement plans. The company boasts of over 100,000 policies in force and total assets of over €1.9 billion.
Strong ethical values are fundamental to our business and form the foundation of our corporate culture. Innovation and customer focus are core to our business philosophy.
We want customers to choose us because they are convinced that we meet their needs effectively and efficiently, because they trust us in providing them with added value and with an excellent customer experience.
Our reputation for expertise, reliability and stability is the result of the collective effort and professionalism of our people and the support of our institutional shareholders, Mapfre Malta and Bank of Valletta plc.
The diversity in the range of products and services we offer is supported through our synergies with Mapfre, a major player on the global insurance market with interests spread across five continents, and one of the fastest growing insurance groups in Spain and South America.
Mapfre Msv Life p.l.c is authorised to carry on Long-Term Business of insurance in Malta. In terms of the European Passport Rights for Insurance and Reinsurance Undertakings Regulations (Legal Notice 399 of 2015), Mapfre Msv Life p.l.c is authorised to carry on the service in the below listed jurisdictions:
– ITALY
Key Facts as at 04.04.2021
The largest life insurance company in Malta
Authorised share capital €120 million
Issued share capital €94.75 million
Shareholders’ equity €161.4 million
Annual Business written €266 million
Total assets €1.9 billion
Managed savings €2.35 billion
Total number of polices in-force over 100,000
Total number of policy holders over 94,000
History
September 1994
Middlesea Valletta Life Assurance Co. Ltd. established between three partners, Middlesea Insurance Co. Ltd. (51%), Bank of Valletta p.l.c. (39%) and Munich RE (10%).
September 2005
Bank of Valletta p.l.c. acquired from Munich RE its 10% shareholding in MSV. Concurrently, Bank of Valletta p.l.c. also exercised its option to acquire a 1% holding in MSV from Middlesea Insurance p.l.c.
November 2010
Middlesea Valletta Life Assurance Co. Ltd. changed its name to MSV Life p.l.c.
November 2016
MSV Life p.l.c. changed its name to Mapfre MSV Life p.l.c.