Malta’s Fogg Insurance Agencies Ltd has been rebranded as Argus Insurance Agencies Limited (AIAL).

The press release announcing the name change stated that Maltese Prime Minister Joseph Muscat visited the Malta office last week to commemorate the rebranding.

“He said that this development reaffirms Malta’s attractiveness to the financial sector. He noted that financial services account for seven percent of Malta’s national GDP and this sector employs over 7,000 people.

“He also noted that the insurance sector has registered an increase in revenue. Dr. Muscat said the government will push forward new centres of excellence, but it is still committed to helping the financial services sector flourish. He also spoke about the pensions reform and said insurance companies are sure to take up the challenge of upcoming initiatives that will incentivise private pension schemes.”

The press release added that the move further reinforces the company’s integration within the Argus Group.

“As part of the rebrand, AIAL will have access to the technical talent and industry knowledge of an international organisation — The Argus Group — with assets totalling $1.9 billion.”

Fogg has been part of the Argus Group for four years, acquiring the Maltese operation in June 2010. The Argus Group has been in Malta since 2005, via its relationship with Fogg, which was operating as Argus’ official agency in the region.

“The presence of the Argus Group in Malta carries numerous benefits to the business community, including access to specialised expertise and knowledge of small jurisdictions and its experience working with the broader community on issues relating to healthcare, pensions and employee benefits,” Argus stated, adding AIAL will continue to offer its existing portfolio of products: “which will be enhanced with new product lines in the very near future.”