Martello Insurance PCC Limited ("Martello") is incorporated as a Protected Cell Company (“PCC”) and is licensed by the Gibraltar Financial Services Commission as an insurer for all classes of general insurance.    Martello is an ideal facility for an organisation wishing to enjoy the benefits and advantages of its own captive insurance facility, but at a  lower cost.

What is a PCC? It is a corporate body that is segregated into legally distinct portions, known as the “core” and underlying “cells”.   Gibraltar PCC legislation ensures that business transacted through a cell is ring-fenced from the activities of other cells.   Each cell’s revenue streams, assets and liabilities are separate from all other cells and its assets cannot be used to pay the losses or to meet the liabilities of other cells.   By the same principle, reinsurance is arranged specifically for each cell and is secured to pay only the losses of that cell.

The Martello cell is beneficially owned by the client user through the issuance of preference shares, representing the client's equity interest in the cell, and operates as its owner's captive insurance facility.    A Martello cell can also be rented for access to reinsurance and other markets in circumstances where the client user does not wish to retain any risk or to introduce any capital.

In addition to the advantages of the PCC structure, Martello’s status as a Gibraltar licensed insurer enables our cells to write business directly across all EEA countries on a Freedom of Services basis.   Martello’s insurance paper has the same regulatory status as that of other insurers in any EEA risk territory making it an ideal facility for any client with European interests.