NU Online News Service, Oct. 6, 3:54 p.m. EDT

Willis Group Holdings said it is opening a captive insurance facility in Malta to provide coverage for entities in the European Economic Area.

Lime Street Insurance PCC Ltd. is a protected cell company (PCC) designed to provide a captive facility–in effect a “rent-a captive”–to those that lack sufficient premium volume or cannot establish their own insurance subsidiary.

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