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maltatoday | SUNDAY • 16 JUNE 2019 17 COMMERCIAL 15 CALAMATTA Cuschieri, one of Malta's largest financial services firms, announced the addition of Life Insurance to its range of financial services products. The move reaffirms the company's universal ap- proach to financial services, with life insurance comple- menting its existing services such as investment advice, pension plans, savings plans, wealth management and live online trading, amongst oth- ers. "Calamatta Cuschieri is now offering a full range of life in- surance products which are specifically designed to pro- tect individuals, families and businesses. Life insurance is an impor- tant part of financial planning and together with our exist- ing pension plans and invest- ment advisory service offer- ing, Calamatta Cuschieri is now proud to be providing a complete financial planning service to clients," said Alan Cuschieri co-CEO at Calamat- ta Cuschieri. The range of life insur- ance products that Calamatta Cuschieri is offering includes Protection Plans which pro- vide individuals and their loved ones the financial pro- tection they need as well as Loan Protection Plans that give the peace of mind of being able to continue repaying their home loan in the eventuality of death. One of the most popular life insurance products, the Single Premium Plan, will also be of- fered giving clients the possi- bility of investing a lump sum with capital-guaranteed pro- tection and attractive bonus rates. In addition, the company is offering free life insurance plan for both newly-weds as well as new parents. In the business sector, Calamatta Cuschieri is offer- ing both the Key Person Insur- ance as well as the Business Loan Protection Plan. "As a financial services com- pany that has been around for close to 50 years, we under- stand the needs of our clients and that they want to make best use of their financial assets and continually optimise their financial plan during their life. We continue to strive to meet their needs in the most profes- sional way possible and to de- liver service excellence." Alan Cuschieri said. Calamatta Cuschieri Invest- ment Services is offering life insurance products as an en- rolled tied insurance inter- mediary for MAPFRE MSV Life p.l.c., and is authorised to operate by the Malta Financial Services Authority. Calamatta Cuschieri pio- neered the local financial ser- vices industry in 1972. The Group currently employs more than 160 people, and offers a wide range of services includ- ing Investment Advice, Life Insurance, Savings Plans, Pen- sion Plans, Wealth Manage- ment and Live Online Trading amongst others. Calamatta Cuschieri is the representative and main distributor for UBS Funds in Malta and a founding member of the Malta Stock Exchange. For more information on Calamatta Cuschieri's Life In- surance offering, visit one of its six branches, call +356 25 688 688 or visit https://www. cc.com.mt Calamatta Cuschieri adds life insurance to its suite of products 'THE Clock is Ticking for Eu- rope – a slowdown or the risk of a recession' was the theme of a business breakfast organ- ised by Bank of Valletta in collaboration with SaxoBank. Keynote speaker Christo- pher Dembik, Head of Mac- roeconomic Analysis at Saxo Bank clearly noted that the risk of a recession is on the increase. 'Traditionally, a re- cession results from a hit on exports, that is already be- ing witnessed while we luck- ily are not yet experiencing tightened domestic financial conditions,' said Dembik. 'A possible trade war with the US, and current political un- certainties, particularly the looming Brexit, are all con- tributors to a potential bleak economic environment.' 'Looking ahead, we are con- vinced that we are entering a new cycle that will be marked by weaker growth and ris- ing political risk', continued Dembik. 'Possible elections in Greece, Austria and Italy, liquidity and the role of China are major themes that will be crucial to monitor through- out the year The keynote speech was fol- lowed with a discussion panel featuring Christopher Dem- bik, Giovanni Cachia, Head Portfolio Management Ser- vices within BOV's Wealth Management Arm and Steve Ellul, Head BOV Asset Man- agement, which panel was moderated by Mark Scicluna Bartoli, Executive EU and In- stitutional Affairs at Bank of Valletta. Taking a more local ap- proach, Steve Ellul noted how Malta has a very resilient economy which has always fared well in times of crisis. 'The size of our economy al- lows us to be nimble and flex- ible in the face of external economic shocks and this has been proven in the past.' Ellul also stressed on the impor- tance of nurturing the reputa- tion of our jurisdiction. 'We have to promote and high- light the value proposition offered by Malta as a jurisdic- tion which is at the forefront in the financial sector, e-gam- ing and other innovation ori- ented sectors.' 'High quality bonds have tra- ditionally performed well in a low interest environment and we should seek investments that historically have been more resilient during an eco- nomic slowdown or a reces- sion,' said Giovanni Cachia. 'Sector rotation is critical dur- ing these times; discretionary spending, such as leisure, cars and luxury products are the first to experience decreased spending in troubled times so investment should be chan- neled more towards essential items such as food and bever- ages, and hygiene products that traditionally have per- formed relatively better, with Gold a good consideration as a safe haven asset.' The business breakfast con- cluded with a live demo of the eTrader+, the online trad- ing platform set up in col- laboration between Bank of Valletta and Saxo Bank. The eTrader+ allows investors trade in international markets and tap into Saxo's macro econmists insights on future market trends. For more in- formation on the accessing the eTrader+ please feel free to contact Bank of Valletta on +356 21312020 or by email on customercare@bov.com . Europe – Facing a slowdown or a recession? Malta's Economic outlook discussed at BOV Business Breakfast Life insurance is an important part of financial planning Speakers during the business breakfast organised by Bank of Valletta in collaboration with SaxoBank