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Middlesea registers a loss after Investments
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International Insurance Management Services Limited (IIMS), a wholly-owned subsidiary of Middlesea Insurance p.l.c., was set up in 1991 to provide feasibility studies, risk management incorporation, administration and comprehensive management services to captives and other insurance companies operating from Malta, both on a direct and subcontracting basis.
In January 2002, as part of the Middlesea Group's restructuring process, IIMS became the insurance manager for the Group providing back office support services to the General and Life Insurance Companies of this Group. The Company's experienced and professionally trained employees are organised into specialist departments which include; accounts, finance and investments, management information systems, marketing, product development, administration, human resources, reinsurance services, compliance and company secretariat office.
 This specialist insurance management company has developed a wide range of services in risk management and the formation and management of captive insurance and reinsurance companies. Its insurance, reinsurance, financial and legal expertise places the company in a leading position. In this respect, it is able to offer prospective international clients who choose to establish an insurance/reinsurance company to operate from Malta and benefit from the country's passport rights to other EU countries, the full breadth of management and administrative services.
The primary objective of IIMS is that of providing excellence in insurance company management on a cost effective, confidential and commercially competitive basis.
Chairman Mr Mario C. Grech
Directors Mr Stephen Gauci
Dr Robert A. Staines
Dr Franco Vassallo
Mr Albert Mizzi
Mr David G. Curmi
Company Secretary Mr Carlo Farrugia
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