Middlesea Valletta Life Assurance Co. Ltd. (MSV) established between three partners, Middlesea Insurance Co. Ltd. (51%), Bank of Valletta p.l.c. (39%) and Munich RE (10%).
Bank of Valletta p.l.c. acquired from Munich RE its 10% shareholding in MSV. Concurrently, Bank of Valletta p.l.c. also exercised its option to acquire a 1% holding in MSV from Middlesea Insurance p.l.c.
Middlesea Valletta Life Assurance Co. Ltd. changed its name to MSV Life p.l.c.
MSV Life p.l.c. is jointly owned by Bank of Valletta p.l.c. and MAPFRE Middlesea. Bank of Valletta p.l.c. is a leading financial services provider in Malta, providing a full range of financial services including investment banking, private banking, fund management, bancassurance and stockbroking, whilst MAPFRE Middlesea is the leading non-life insurance provider in Malta and a subsidiary of MAPFRE, the leading insurance group in Spain.
MSV Life p.l.c. changed its name to MAPFRE MSV Life p.l.c.