Cristina Casingena has stepped down from her role as CEO of LifeStar Insurance plc, the company announced on Monday.

Citing “personal reasons”, the company said her resignation does not relate to any regulatory matters.

Under her stewardship, LifeStar Insurance “continued to strengthen its customer base which experienced a steady growth”.

One of the milestones of her tenure as CEO was the listing of the company’s shares on the Malta Stock Exchange.

LifeStar Insurance assured that Ms Casingena remains available to the company as may be necessary to ensure a smooth transition and a proper handover of functions and responsibilities.

“The Board of Directors takes the opportunity to thank Ms Casingena for her positive contribution to the Company and wish her every success for the future.”

Ms Casingena had been appointed to the role in 2018. She is an actuary with over 25 years of experience in the life insurance industry.

Interim CEO named

Roberto Apap Bologna / LifeStar

In the interim, CEO of parent company LifeStar Holding plc Roberto Apap Bologna has assumed the responsibilities of LifeStar Insurance CEO, subject to regulatory clearance.

LifeStar Holding is primarily responsible for providing oversight and coordination of the LifeStar group shared support services, “as well as identifying potential synergies between the various group entities, in order to ensure alignment with group corporate priorities and strengthening governance structures”.

Mr Apap Bologna joined the LifeStar group as Chief Financial Officer in October 2020. He was then named CEO of LifeStar Holding plc in November 2022.

LifeStar Insurance, formerly Global Capital, has been present in Malta under the latter name for around 60 years as country representative for Bupa. The company came under new ownership in 2015, and in 2020, it rebranded to LifeStar.