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Postscript - Aon looks to Malta to enhance captive share.
(From Post Magazine)
Byline: Guy Anker.
Broking giant Aon has set its sights on Malta to boost its share of the captive market.
Aon has plans to establish four new companies in Malta by the end of the year, claiming that the Mediterranean island could challenge Gibraltar as the centre of European captive activity. The news came as the broker revealed its world captive map.
Managing director of Aon's captive services group, Clive James, explained why Malta was so enticing: "Malta is exciting because it joined the European Union last year. Regulators there are sympathetic to our needs and there is Protective Cell Company legislation."
Maltese potential
"We would expect to have four new captives there by the end of this year and our competitors are likely to develop there as well. Growth in Malta will not be enormous but will happen over several years. We see Malta taking off like Gibraltar has and it will give us an extra string to our bow."
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