About US

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 is Keystone Legal (a Sunday Times 100 Track company 2012) established over 30 years. Bastion was initially set up as a specialist underwriter of Legal Expenses insurance and Miscellaneous Financial Loss.

 

From inception, Bastion has always concentrated on a cautious and prudent underwriting approach, focusing on profitability and growth of assets.

 

In 2018 the Board of Directors took a strategic decision to start writing a variety of new class portfolios in line with the company's prudent underwriting approach. The company is strengthened operationally by a professional insurance management company, which itself includes MAPFRE and Bank of Valetta amongst its shareholders. Bastions accountants are PriceWaterhouseCoopers.

 

Bastion is registered in Malta and regulated under the Solvency II regime.

The introduction of new forms of policy and an expanding range of business classes continues to add to Bastion's strong foundations.

BASTION INSURANCE

  • Bastion's solvency margin as at 31st December 2018, calculated by independent actuary BWCI Limited of Guernsey, is a strong 404% MCR and 214% SCR
  • First European Insurer to secure authorisation following Malta’s entry into the EU

AUTHORISED IN 2005 BASTION INSURANCE COMPANY IS A MULTI CLASS INSURER SPECIALIZING IN BOTH EUROPEAN AND UK PORTFOLIOS