Elmo Insurance recently recruited Juan Siracusa as Chief Officer for Commercial Lines and Reinsurance, with effect from 5th September, to continue strengthening the technical expertise within its existing team. His formal appointment remains subject to regulatory approval by the Malta Financial Services Authority.

Mr Siracusa’s experience in the local insurance industry spans over 26 years, during which he occupied a number of management positions at various companies. Over the years, he has acquired underwriting and reinsurance experience on all non-life products, while also focusing predominantly on underwriting and claims functions related to commercial and industrial business.

He joins following 12 years at MAPFRE Middlesea plc, where after joining in 2010 he became responsible for its corporate area in 2014, managing relations with insurance brokers and direct corporate risks. He was then entrusted with the responsibility of the entire claims function as Chief Officer Claims in 2017, during which time he was involved in the general management of all claim areas for motor, personal lines, commercial lines, health, and group life products. Mr Siracusa was subsequently promoted to Chief Officer Operations in 2021 after five years in the claims role, with increased responsibilities such as direct participation at executive management level and directorship at three subsidiary companies within the group.

Up to recent months, he also held market responsibilities at the Malta Insurance Association as Chairperson of the Motor Sector and of the Motor Insurers’ Bureau.

Mr Siracusa commenced his studies in insurance at the Chartered Insurance Institute towards the end of 1990s and obtained his Fellowship in 2008. During that same period, he also obtained a bachelor’s degree in Financial Services from Napier University in Edinburgh, Scotland.

Established in 1981, Elmo Insurance provides a wide range of general insurance business and health insurance products from its head office in Ta’ Xbiex and its branch and tied insurance intermediary network spread across Malta and Gozo.

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