Senior Regulatory Advisor
Claudio Xerri
Claudio Xerri
Claudio Xerri is a Senior Regulatory and Compliance Advisor in the insurance law practice unit of Mamo TCV Advocates. He regularly assists clients on compliance and regulatory matters in insurance and pensions-related matters, corporate governance matters, and other legal and regulatory matters. Before joining Mamo TCV, Claudio spent 20 years at the Malta Financial Services Authority, the last 4 of which he held the position of a Senior Manager within the Authorisation Team leading a team whose duties primarily included the processing of applications within specific timeframes, attending meetings and holding interviews with key officials of potential applicants / licenceholders in the areas of insurance and pensions. During his tenure at the MFSA he also attended seminars and participated in different EIOPA working groups. He has also provided training to the insurance market on various insurance related topics.
Education
- Bachelor of Commerce (Hons) Degree in Management from the University of Malta
- Associateship of the Chartered Insurance Institute, UK
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Address
MAMO TCV Advocates
Palazzo Pietro Stiges
103, Strait Street
Valletta, VLT 1436
Malta
Stay updated with our latest insights
Regulatory Compliance Quarterly Update | Q3 2023
We are pleased to issue our sixth edition of the Regulatory Compliance Quarterly Updates. These updates are intended to keep Maltese regulated entities informed of regulatory changes and developments taking place in the local financial services space. In this issue, we focus on the sector specific and cross-sectoral regulatory updates relating to investment services, asset management, insurance undertakings, and insurance intermediaries. Our sixty Regulatory Compliance Quarterly Update can be found here.The Regulatory Compliance Quarterly Update does not purport to give legal, regulatory,financial or tax advice. Should you require further information or assistance, please do not hesitate to contact Michael Psaila,…
The Distribution of the Life Insurance Proceeds Between Ex-Spouses
The First Hall, Civil Court delivered a judgement on the 13th July 2023 (Rikors Nru: 749/2020FDP) about the manner in which the maturity proceeds of a life policy with profits were to be distributed by the defendant insurer, Eagle Star (Malta) Limited, between the plaintiff and the other defendant (the latter two, collectively referred to as “the ex-spouses”). The life policy was issued in the name and on the life of the plaintiff while said plaintiff was married to the other defendant and their matrimonial regime was regulated by the community of acquests. Before the life policy had matured, the…
Rainfall or No Rainfall
In a judgement dated 25th January 2023 in the names Knightsbridge Developments Limited vs Citadel Insurance plc, Rik. Nru. 978/08 (TA), the Court of Appeal explained how the exclusion in the insurance policy prevailed over the application of the concept of proximate cause, as it is commonly applied. This decision makes an important contribution to the body of Maltese insurance substantive law. This case focused on an insurance claim made by the plaintiff against the defendant insurance company under a ‘Contractors All Risk Policy’ that was issued by the defendant insurance company in favour of the plaintiff in relation to…
