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Gibraltar PCCs to write third-party insurance

11 August 2017

Gibraltar's protected cell companies (PCCs) will soon be allowed to write third-party insurance business, Gibraltar's minister for commerce, Albert Isola has announced.

He said following discussions between the insurance industry and Gibraltar Financial Services Commission (GFSC) the decision had been made to permit third-party business to be considered from Gibraltar PCCs.

"We believe this will open up new opportunities for Gibraltar's insurance sector in a safe and robust manner," he said.

The government fully supports the local regulator's view that...

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