Bonnici Insurance - Our History
At Bonnici Insurance we provide a full range of competitively priced insurance products for both personal and commercial clients throughout Malta and Gozo. Our products include motor car insurance, home insurance, travel insurance, boat insurance, business insurance, SME insurance, health insurance and more. However we do not consider our business to be the selling of insurance, we sell PEACE OF MIND, which is something you simply cannot put a price on.
Based in Malta, Bonnici Insurance is the longest established local agent for Mapfre Middlesea plc and is now one of Malta’s leading insurance agencies. This success has been achieved by the total commitment to provide the best possible service to our clients and also as a result of the hard work of our Chairman, Mr. George Bonnici, whose experience in the local insurance market spans over half a century. Moreover, one cannot ignore the dedicated assistance of the other members of the Board, management and staff, a factor that has strongly contributed to our reputation.
Bonnici Insurance Agency Ltd. was set up in Malta in the early months of 1987 following an appointment to act as the local agents of a British insurance company. In September 1991, our then foreign principals took a strategic corporate decision to withdraw from a number of overseas markets. Unfortunately Malta was one of those countries affected by this decision and it meant that we could no longer write new and renewal business on behalf of this foreign principal as from 1 May 1992. In order to safeguard our clients’ interests, we entered into an arrangement whereby the existing portfolio was transferred to Middlesea Insurance plc who had agreed to accept the business on the same terms and conditions. In fact, all the business originally written by our foreign principal in Malta was transferred in the smoothest of manners to the new insurer for whom we were subsequently appointed as official agents in May 1994.
In 2007, the year of our twentieth anniversary, our offices were extensively refurbished and designed to provide new and more spacious facilities in a modern environment. Our offices are situated on the main thoroughfare to Sliema, Malta’s main commercial centre.
The Malta Financial Services Authority (MFSA) is responsible for the licensing, regulation and supervision of insurance providers. All licensed insurers transacting insurance business in Malta are members of the Association of Insurance Companies. This association is involved in various aspects of insurance and serves to bring together all licensed agents to air their views as one voice with the relevant authorities that may be involved in each particular circumstance. As Malta is a full EU member the financial services legislation is modelled on that used in the EU.
“Our mission is to put your mind at rest by selecting the best possible insurance solutions for protection all around”