The UK insurance press have recently reported that Staysure have, following a restructure, established a holding company in Gibraltar with the assistance of Hassans. The news item is carried by Intelligent Insurer (among others). A copy of the Staysure Holdings Limited Press Release is set out below in full.
Gibraltar welcomes Staysure
Staysure the over 50s expert, specialising in insurance and financial services for customers in the UK and Europe, has following a restructure, established a new parent holding company in Gibraltar.
Gibraltar’s Minister of Financial Services, Albert Isola, stated “We are delighted that Staysure has established its new parent holding company in Gibraltar. Staysure already has insurance operations in Gibraltar and we welcome the opportunity for Gibraltar to increase its part in this fast growing insurance and financial services group. In addition to Gibraltar’s vibrant insurance company sector, we believe there are compelling reasons for insurance intermediaries, such as Staysure, to establish operations in Gibraltar providing access to a pan-European market of 500 million people. ”
Ryan Howsam, Chairman of Staysure Holdings Limited said: “Staysure’s insurance operation in Gibraltar has grown significantly since it was first established. Gibraltar is a well-regulated and user-friendly insurance domicile. Establishing a holding company structure in Gibraltar was a natural next step. I am delighted with the support we have received locally and would therefore like to thank HM Government of Gibraltar, the Gibraltar Financial Services Commission and our professional advisers at Hassans, led by senior partner Nigel Feetham who has acted for us over the recent months.”
