ARTICLE · 13 SEPTEMBER 2002

Insurance Companies

ECS International

Explore more from ECS International

GibraltarInsurance

Gibraltar is within the European Union (EU) and has fully implemented the 2^nd and 3^rd EU directives on insurance. It is therefore possible for Gibraltar established insurance companies to cover risks in any EU Member State. The Insurance Companies Ordinance 1987 allows for the setting up of Gibraltar insurance companies, both third party insurers and captive insurers, and also the licensing of foreign insurance companies wishing to carry on business in Gibraltar. Insurance business is supervised by the Gibraltar Financial Services Commissioner (the Commissioner), supported by the Insurance Supervisor, to UK Standards.

Advantages of a Gibraltar Insurance Company

Gibraltar insurers are able to cover risks in any EU member state as a result of:

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Gibraltar's Strengthening Confidence As A Dynamic International Financial Centre

GibraltarInsurance

The Sovereign Group

Extension Of Interest Income For Insurers And Distributed Ledger Technology (DLT) Firms

GibraltarInsurance

Insurance Company Transitions From Administration To Liquidation In Gibraltar First

GibraltarInsurance

Gibraltar Insurance Sector Welcomes Developments In Relation To Managing General Agents (MGAs)

GibraltarInsurance

Brexit Update: New Regulations Enhance Competition In Local Insurance Market

GibraltarInsurance

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

Comparative Guide

Insurance & Reinsurance

See more popular content from

Insurance

Gibraltar To Allow EEA Insurers To Continue Undertaking Specified Insurance Activity In Gibraltar

HM Government of Gibraltar has introduced the Financial Services (Specified EEA Insurers) (Temporary Exemption) Regulations 2020.

GibraltarInsurance

The Insurance Distribution Directive

Despite the notable uncertainty concerning the United Kingdom and Gibraltar's future trading relationship with the European Union, there are a number of upcoming developments which the Gibraltar insurance industry and its stakeholders should be monitoring.

GibraltarInsurance

Gibraltar's Strengthening Confidence As A Dynamic International Financial Centre

Gibraltar recently released its 2025 National Risk Assessment (NRA), providing a clear view of the government's approach to managing financial crime risks, especially in the key areas of money laundering, terrorist financing, proliferation financing and sanctions circumvention.

GibraltarInsurance

The Sovereign Group

Insurance Company Transitions From Administration To Liquidation In Gibraltar First

On Monday 13th March 2023 the Supreme Court of Gibraltar discharged the Administration Order over Prometheus Insurance Company Limited and placed it into liquidation.

GibraltarInsurance

In-Perspective

Each month we will be meeting with lawyers from around the firm to provide a series of industry perspectives in relation to current affairs.

GlobalInsurance

InsurTech: Another opportunity for Gibraltar

In recent times the use of technology in the provision of financial services has become well established, with the likes of crowdfunding platforms and 'Peer-to-Peer' (P2P) lenders already considered fairly mainstream.

GibraltarInsurance

Brexit Update: New Regulations Enhance Competition In Local Insurance Market

The Government of Gibraltar yesterday published legislation that permit EEA (non-UK) insurers, on the basis of a unilateral policy decision and regardless of loss of EU passporting rights...

GibraltarInsurance

Post-Brexit Briefing Update: Gibraltar, Spain, Malta

For well over a year I have been exploring the post-Brexit options for companies based in Gibraltar that cannot continue to do business from Gibraltar after the UK's exit from the EU.

GibraltarInsurance

Guernsey Acts Quickly To Amend Legislation To Protect Integrity Of PCC Ordinance After PCC Expert Raises Concerns

On the 15 June 2016, Nigel Feetham, partner of Hassans, published an article on a judgment concerning PCC cells recently handed down by the Courts of Guernsey.

GlobalInsurance

Extension Of Interest Income For Insurers And Distributed Ledger Technology (DLT) Firms

The Income Tax (Amendment) Act 2024 ("the Amending Act") was passed last week and establishes amendments to the Income Tax Act 2010 ("the Old Act"), in particular...

GibraltarInsurance