The Malta Financial Services Authority (“MFSA” or the “Authority”) has been looking into certain matters related to the Company in relation to failings which resulted from the Authority’s supervisory engagement with the Company. The Authority has considered the goodwill demonstrated by the Company and agreed to settle all pending matters.

Address:

Hillwood Limited
The Adelaide,
230/231, Tower Road,
Sliema, SLM 1601
Malta

Business Activity: Insurance Undertaking

FINDINGS:

The MFSA’s investigation found failings in respect of Article 38(4) of the Insurance Business Act due to the Company’s failure to notify the Authority prior to undertaking changes to its indirect shareholding structure amongst its existing shareholders.

MEASURES

On 4 September 2026, the MFSA agreed to settle pending matters with the Company after demonstration of goodwill and co-operation by the Company. By means of a settlement agreement entered into between the Company and the MFSA, the latter imposed an administrative penalty of seven thousand and five hundred Euro (€7,500) on Hillwood Limited.

PUBLICATION

This notice is being published in terms of the Authority's Settlement Policy.