Set up a protected cell with the experts

Call us on +356 2343 5411 to find out how Atlas PCC can benefit your business

Solid reasons for choosing Atlas

An insurance and financial leader

One of Malta’s foremost insurance and financial services organisations with a staff complement of over 170
A strong financial core

Maintains substantial surplus funds over regulatory requirements.
A reputation for successful growth

The first direct insurer to convert to a Protected Cell Company in the EU thus enhancing its reputation as a forward looking insurer
The EU PCC experts

Over the past decade Atlas has been recognised as leading EU PCC experts, having assessed and implemented a variety of direct third-party, reinsurance and captive cells
Opportunities for managers and consultants

Global management companies use Atlas PCC as hosts for their clients while it maintains its independence

Why set up a cell in Atlas?

Direct writing facility into Europe

No fronting required
Shared Administration

Promoters share overhead costs with other promoters without losing protection from insolvency of others
No absolute minimum capital required

Capital requirement of a cell is substantially lower than for a separate company
No need for a board of directors

and relevant costs
Cell assets are 'insulated'

from liabilities of the core and other cells
Access to the reinsurance market

for smaller investors
Easier access to the 'captive' market
Favourable tax system

What kind of businesses should consider using a Maltese Insurance PCC?

Captive risk financing

Managing insurance deductible and/or providing access to the reinsurance market with a lower cost per unit of cover versus the primary market. Reinsurers tend to also be better placed to underwrite unusual risks. Atlas was the first PCC to host an insured owned cell writing it’s motor fleet insurance directly to the UK.

To sell insurance

The European market is a natural target for business to be written by a cell licensed in Malta enjoying the freedom to provide services in the countries forming part of the European Economic Area. Most of the cells Atlas hosts are owned by businesses not typically from the insurance sector that have created cells to sell insurance to their customers. This includes mobile phone insurance and other forms of accidental damage insurance or extended warranty, pet insurance and travel cancellation.

Fronting
Non-European insurers have set up cells as fronting facilities in order to reduce their EEA fronting costs

Run off
Cells can also be created to handle run-off business or for special purpose applications by facilitating access to specialist risk-bearers.