Malta is emerging as a likely possible location for a subsidiary
of Lloyds of London after Brexit, as discussions between the
insurance firm, the Malta Financial Services Authority, and a local
law firm intensify.
According to sources who spoke to The Business Observer, Lloyds
is considering opening a subsidiary in Malta, which could take the
form of protected cell company. This kind of structure has already
proved to be very attractive for insurance companies. Other sources
which spoke to the same paper said that a delegation from Lloyds
had been sent to Malta last month, putting Malta at the forefront
as a potential candidate.
Lloyds announced a few months ago that it wanted to open an
office in another EU member state as soon as UK Prime Minister
Theresa May set article 50 in motion, triggering procedures for
Britain to leave the EU. While the company was initially
considering Dublin, Paris and Frankfurt, by October, Lloyds CEO
Inga Beale confirmed that Malta
