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What do your Family and Friends mean to you?

1000 877 Clare Evans, Personal and Business Coach


This is the fifth in a series of articles to help you focus on a different aspect of your life and to inspire and motivate you to make a change in one or more areas.

What do your Family and Friends mean to you?

• How often do you see close family?
• Do you have a circle of good friends?
• How often do you spend time with them?
• Do you have a good relationship with your children?

This week is about focusing on the important people in your lives.

When you’re putting in the hours at work, it’s too easy to ignore or take for granted those closest to you and those that know you best. You snatch a couple of hours in the evening and maybe you manage a bit of time at the weekend. Are you zoning out or trying to relax with a bit of TV, eating meals while you work or check social media or emails? Are you still thinking about work as you read the children a bedtime story, catching up on work when they’re in bed or getting home so late you miss their evening routine?

Maybe friends have moved away and you don’t see members of your family as often. You keep meaning to call and arrange to meet up but ‘you’re too busy this week’, you’ve got a report due next month, you’re busy for the next two weekends … Next week becomes next month and then next year and before you know it years have passed and you’ve lost touch.

You’ll have friends you don’t see often but when you reconnect it’s as if you’ve never been apart.

While social media can help you to stay connected with friends and family you don’t get a chance to see as often, it can also make you more isolated. Even families living together retreat to separate locations to chat to their ‘online’ friends but forget to have real conversations with the people right there in front of them.

Friends come and go during the course of our lives. You may have friends you’ve known since childhood. Friends you’ve met at different stages of your life and then move on to new and different friends.


What difference could you make to your Family & Friends this week?

• Who in your family haven’t you spoken to in a while?
• Phone a friend you’ve been meaning to talk to for a while.
• Write a letter or send an email to a friend or family.

Spend time this week with the important people in your life. Not just time you would normally spend together but plan something different.

Re-evaluate your relationships with your friends. Do you have friends who always seem to want something from you? Do some of your friends drag you down more than they lift you up.

Only have people around you who respect and support you, who you enjoy being with and make the time and effort to see or talk to them regularly.

Enjoy the time spent with your family and friends this week.

Financial Services Malta

Choosing Malta as a Financial Services Domicile

1024 683 Jatco Insurance

financial services

Malta, as a small island in the heart of the Mediterranean, has become one of Europe’s most attractive domiciles for companies established in the financial services industry.

Malta became a Member State of the European Union in 2004 and a member of the European Monetary Union in 2008 when it adopted the Euro as its currency. The Maltese economy is based on tourism, manufacturing and financial services, which is becoming one of the main pillars of the economy. Malta has been a member of Commonwealth since 1964 and is also a member of the Council of Europe, Organization for Security and Co-operation in Europe, United Nations and World Trade Organization.

The Malta Financial Services Authority is the sole financial services regulator, responsible for the supervision and enforcement of regulations.

The Maltese regulatory framework is a secure and stable framework for prudential and conduct supervision, consumer protection, market surveillance and prevention of money laundering. The financial services sector in Malta is regulated by a regime which incorporates all EU financial services legislation and consequently operators benefit from the single market passporting rights under freedom of services and freedom of establishment.


As an EU Member State, Malta transposes and implements all the Directives of the European Union, European regulations are directly applicable in Malta, whereas Guidelines or Technical Standards issued by the European Supervisory Authorities are transposed within the national legislation. In Malta, English is the language of financial services business and hence all financial services legislation is in English.

Malta is very pro-active in the EU financial services sector and has always maintained timely implementation of internal market rules for financial services.

The key to Malta’s success in the insurance sector lies in its EU membership, which allows licensed companies in Malta to write business directly into any of the EU and EEA member states. However, Malta’s success in the financial services sector is also widespread in the gaming, trusts, investment services and pension transfers industries.

Malta’s sophisticated finance infrastructure enables a variety of insurance structures including Affiliated Insurance Companies (Captives), Protected Cell Companies and Incorporated Cell Companies. Malta has a solid legal foundation, an approachable regulator and competitive regulatory fees.

Malta can be considered an ideal outsourcing destination, mainly as a result of an efficient infrastructure and a multi-lingual workforce; a high educational system and a wealth of insurance, legal and accounting professionals. Moreover, it offers a varied advisory network, including the global big four accountancy firms. Malta is a hub, in the middle of the Mediterranean, with easy flight connections to the EU mainland and Eastern European countries with major airlines, making it easier for foreign investors to choose Malta.

Malta also allows the migration from other jurisdictions. The Continuation of Insurance Companies Regulations 2003 enables captives to be easily relocated from other jurisdictions which have similar legislation.

When Malta joined the EU in May 2004, it had already taken steps to implement an effective and responsive regulatory framework that operated to EU standards and could accommodate insurance companies. Malta is worth considering as the location for a captive where the ability to issue policies directly into the EU/EEA may provide significant savings on fronting and collateral costs.

This offers cost saving advantages to Multinationals with operations in EU locations; UK corporations paying significant Employers’ Liability and Motor Third Party premiums and also Companies using captives to provide insurance to their customer base, for instance travel, warranty, credit protection, room cancellation insurance.

Malta is also one of the very few domiciles which allow a Protected Cell Company (PCC) structure in the insurance sector. A protected cell in Malta allows a cell owner to insure directly own risk in the EEA and sell insurance to third parties in the EEA. The PCC structure can be applied to both insurance companies and insurance broker companies.

The latest form of insurance legislation which has been issued by the MFSA and which could be highly interesting to companies considering setting up an insurance vehicle in Malta, would be the new legislation regarding Reinsurance Special Purpose Vehicles and Insurance Linked Securities, which include the ways of securing capital for insurance entities.

These benefits characterise Malta as an attractive domicile for insurance companies and brokers.