company traded as mms industry insurance founded 1981 headquarters floriana malta key people martin galea chairman alfredo mu oz perez ceo products group life and non life insurance parent the mapfre group subsidiaries bee insurance management limited msv life p.l.c. euromed risk solutions limited church wharf properties limited website www.middlesea.com mapfre middlesea p.l.c. previously middlesea insurance p.l.c. is a leading insurance provider headquartered in floriana malta and is a member of the mapfre group . mapfre middlesea is listed on the malta stock exchange and is traded with symbol code mms . history edit middlesea insurance registered in 1981 as the first insurance company transacting general business in malta . the company added life insurance to its offerings in 1983 . in 1994 it became the first local insurance company to be listed on the malta stock exchange and it was in that same year that middlesea appointed its first insurance agency together with the foundation of middlesea valletta life assurance co ltd. now msv life p.l.c. a life insurance company in partnership with bank of valletta . 1 in a desire to expand its operations middlesea insurance plc acquired the italian insurance company progress assicurazioni spa in 2000 and opened an office in gibraltar . although positive results were initially recorded the italian subsidiary went on to produce negative figures in later years leading to its closing down in 2010 . 2 in 2011 mapfre internacional s.a. finalised the arrangements which led to its acquisition of munich re s 19.99 % shareholding in middlesea . 3 following this transaction mapfre increased its aggregate shareholding in middlesea to 50.98 % of the issued share capital thus acquiring a controlling interest in the company . middlesea s traditionally blue colour scheme was replaced by mapfre s grey red scheme . 4 middlesea announced a group before tax profit of 17.31 million for the year ending 2014 . 5 in may 2015 middlesea insurance rebranded as mapfre middlesea . 6 references edit https www.middlesea.com who we are company evolution.html company evolution middlesea s progress affair a terrible experience . the times of malta . 17 march 2010 . retrieved 2013 03 01 . mapfre buys 18.3 million middlesea shares . the times of malta . 29 july 2011 . retrieved 2013 02 27 . middlesea registers 7.17 million profit for the first six months of 2012 . the times of malta . 25 july 2012 . retrieved 2013 02 27 . middlesea group registers 17.31 million profit before tax . the times of malta . 12 march 2015 . retrieved 2015 02 08 . https middlesea.com news company announcements 211.html mapfre middlesea a new corporate name retrieved from https en.wikipedia.org w index.php title mapfre middlesea & oldid 674143677 categories insurance companies of maltahidden categories use dmy dates from january 2013 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 1 august 2015 at 23 27 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view