UPDATED WITH AIR MALTA/It’s not just insurance brokerage. Alfred Mifsud has also taken actual insurance business.
Alfred Mifsud on board a Gozo Channel ferry which is partly insured with his company Allcare Insurance Ltd, through his brokerage company Allcare Insurance Brokers Ltd.
UPDATE: It has since been brought to my attention that Allcare Insurance Ltd has also taken Air Malta’s health insurance contract.
In an earlier post I listed the government insurance brokerage business taken by Alfred Mifsud’s company, Allcare Insurance Brokers, as from this year.
But he has also taken a great deal of actual insurance business (as distinct from brokerage) through his other company, Allcare Insurance Ltd, which was set up less than two years ago, at the end of 2012.
This includes:
Public Broadcasting Authority
MIMCOL – health
Transport Malta (25% of its total insurance business)
Malta Industrial Parks
Gozo Channel (part of the its insurance business)
Mediterranean Conference Centre
Enemalta Corporation (25% of its total insurance business)
In the case of PBS, Malta Industrial Parks, Gozo Channel, and the Mediterranean Conference Centre, Alfred Mifsud (through his companies) is both the insurance broker and the insurer.
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They are falling over themselves to suck as much juice as possible.
Looks like Alfred Mifsud prefers meat. He’s carrying one of those fabulous Charles Butcher bags.
Excellent risk management.
Fill yer boots.
If he had any.
Any substantial damage to the Mediterranean Conference Centre alone will wipe out Allcare Insurance.
I think Allcare Insurance has been there for considerably longer than 2 years.
[Daphne – Allcare Insurance Agency Ltd has, yes, but Allcare Insurance Ltd was incorporated in December 2012. The new one is an actual insurer. Its predecessor was an agency.]