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Important Announcement 2
Acquisition Island Insurance Brokers by Argus Group of Bermuda completed 
 
Dear Client,

Further to our previous public announcement, we are pleased to confirm that regulatory approval has been obtained for Argus Group of Bermuda to acquire all the shares of Island Insurance Brokers Limited, and the deal was concluded on 1st July 2016. 
 
This change in shareholders will not affect the operation of Island Insurance Brokers Limited, which will continue to be managed by the same executive directors, senior management team and all the staff currently in the employment of the company and from the same office premises in Birkirkara.  
 
As one of the leading insurance broker in Malta, Island will continue to offer the same high quality value added service to its clients in a professional, independent and cost effective manner, with the prime focus being the client's interest in mind.  
 
Very shortly the new shareholders will be increasing the company's share capital to €1,000,000 offering us the possibility to continue to invest in the services provided, staff training and development and future expansion plans in the insurance broking field.  Both of us will continue to lead the company as executive directors and are looking to grow this company further.  We hope to be able to meet you soon.  
 

Yours sincerely,    
 
 
Lawrence Pavia - Managing Director
Carmel Cascun - Executive Director
 
Link to letter