Company announces non-executive director retirement

Effective March 31, 2022, Albert P. Mamo, will be retiring as a non-executive director at GasanMamo Insurance Ltd, ending a 56-year long career within the insurance sector in Malta from the ground up, beginning at Galdes & Mamo Ltd. Mark Mamo will replace him, having been appointed as a director of GasanMamo Insurance. 

Albert Mamo was appointed managing director of Galdes & Mamo Ltd. in 1990, and during the 10-year period which followed, he was very active in the Malta Insurance Association, serving as president for several years, as well as in the Council of the Malta Chamber of Commerce, ending his tenure there as senior vice president. 

With effect from January 2000, he was appointed managing director of GasanMamo Insurance Ltd., overseeing the transformation from an insurance agency to an insurance company, up until his retirement from his executive role at the end of March 2013. 

His closing comment as he leaves the board is that it has been a very exciting journey in the insurance sector in Malta, during which a number of relatively small agencies gradually but steadily merged to create a truly solid and reputable local insurance sector. He added that throughout his...