Through our Protected Cell Company (PCC) structure - comprising two layers, Core and Cell - we are specially licensed to carry out insurance and reinsurance intermediary activities through cell solutions. The key benefit of our structure is that a promoter may write insurance business through a cell without requiring an insurance broker licence, as this would be supported by the core, which manages the intermediary insurance activities of the cells. A ‘cell’ offering intermediary insurance and reinsurance risk solutions can be rented by a single company for its specific risks or can be used to set up multiple cells for its network of businesses. The assets and liabilities of each cell are segregated from other cells and operate independently with their own assets and liabilities - ensuring that the risks of one cell do not affect others.
Spiral provides cell solutions to manage a variety of risks under one or more cells, bespoke to business needs. We also offer clients options to expand their cell activities to include riskcarrying. Through its core, Spiral provides effective solutions that promote cost-efficiency, regulatory simplification, and asset protection for intermediaries domiciled in Malta as a gateway into the European market. Our PCC structure enables more straightforward risk management and operational flexibility while confining liabilities to individual cells.
Cell facilities operate under a single board. At Spiral PCC, the board holds a wealth of experience in insurance, risk management, MGAs, governance, and compliance. The company secretariat is supported by the core, and at Spiral, the company secretary has been carefully selected to support the specialised insurance structures and comply with regulatory legislation.
Setting up a Spiral Cell requires a single administrator, who can also be supported by the core team - professionals with international experience in broking, insurance, and reinsurance.
