AUTHORISED IN 2005 BASTION INSURANCE COMPANY IS A FULLY CAPITALISED EUROPEAN INSURER.

From inception Bastion has concentrated on a cautious and prudent underwriting approach, focused on profitability and growth of assets, with profits being retained in the business. This approach has resulted in Shareholder Funds alone increasing to approximately €9,000,000. Policies in progress (i.e. policies being processed where premium has not yet been paid) stands at any one time in excess of €11,000,000. The introduction of new forms of policy and an expanding range of business classes continues to add to these strong foundations.

Bastion Insurance Company was the first insurance company to secure authorisation from the Malta Financial Services Authority (MFSA) following Malta’s accession into the EU. Bastion’s principle UK shareholder and agent, Keystone Legal (a recent Sunday Times 100 Track company), is authorised by the Financial Conduct Authority (FCA) whilst Bastion is regulated by the MFSA providing it’s UK policy holders the double assurance that their policy is supported by both UK and European (EU) regulators. The company is strengthened operationally by a professional insurance management company, which itself includes Munich Re and MAPFRE (two of the largest insurers in Europe) amongst its shareholders. Bastions accountants are PriceWaterhouseCoopers. Under Solvency II Bastions Regulatory Margin of Solvency stands at approximately 300% over the minimum requirement.