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Tag: LifeStar Insurance

Strange: Maltese Financial Chief Supervisor Accused Of Pushing Licensee To Sell Business To Competitor!

Malta Financial Services Authority Mark Lagarde -
LifeStar Insurance, a licensed Maltese insurance firm, has filed court proceedings against its regulator and one of its top officials. The owner of major insurance company LifeStar, formerly Global Capital, has taken the Malta Financial Services Authority (MFSA) to court, claiming “arbitrary and capricious treatment,” and accused a top MFSA official of pressuring him to sell his company to a competitor. Even under Maltese measures, this is a strange case!

Lifestar’s Court Challenge Against Maltese Regulator MFSA Commences!

Court Cases Charlene Lensburg -
Earlier this year, LifeStar Insurance, a licensed Maltese insurance firm, filed court proceedings against its regulator MFSA, and one of its top officials. Paolo Catalfamo, the owner of major insurance company LifeStar, formerly Global Capital, is claiming “arbitrary and capricious treatment” and accused Christopher Buttigieg, a top MFSA official of pressuring him to sell his company to a competitor. The first sitting in front of Judge Toni Abela took place on 30th May 2022. The next sitting is scheduled for 5th July.

Interesting – MFSA and Christopher Buttigieg taken to court by Maltese insurance firm!

Court Cases tamir -
LifeStar Insurance, a MFSA-licensed Maltese insurance firm, has filed court proceedings against its regulator MFSA and one of its top officials. Paolo Catalfamo, the majority shareholder of LifeStar Insurance, formerly Global Capital, has taken MFSA to court, claiming “arbitrary and capricious treatment” and accused the regulator's Chief Office Supervision, Christopher Buttigieg, of pressuring him to sell his company to a competitor. LifeStar Insurance initiated judicial proceedings against the regulator, alleging undue interference.

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