GasanMamo Insurance marks its 10th anniversary

Ten years ago Gasan Insurance and Galdes & Mamo merged to form what is now a household name in Malta, GasanMamo Insurance. A dinner was held to commemorate this occasion and the guests included Prime Minister Lawrence Gonzi and Opposition Leader Joseph Muscat.

"The merger has proved to be a resounding success and the company has grown and evolved into a leading financial services institution on the islands," said GasanMamo Insurance chairman Joe Gasan in his speech for the occasion.

GasanMamo Insurance has continued to grow in terms of market share, distribution channels and lines of business. A company statement said the prudent stance taken by the board has provided stability in a sometimes volatile market.

For the first four years, GasanMamo insurance was an insurance agency, representing CGU Insurance, part of the UK's largest insurance group Aviva. In 2003 GasanMamo Insurance converted into to an insurance company.