GasanMamo Insurance

History and Founding

GasanMamo Insurance Ltd was created in 1999 through the merger of two long-established Maltese insurance agencies: Gasan Insurance Agency (controlled by the Gasan family) and Galdes & Mamo Ltd (controlled by the Mamo family). The Galdes & Mamo name traces its roots to 1947, giving the combined entity nearly a century of cumulative experience. The merger was strategic, creating a larger, more resilient company with the critical mass needed to compete effectively in Malta’s insurance sector. On 1 January 2003, GasanMamo obtained an insurance licence from the Malta Financial Services Authority (MFSA), marking its transition from an intermediary to a direct underwriter of general insurance business.

Business Model and Revenue

GasanMamo operates exclusively in Malta as a general insurer, generating revenue through premiums from a diverse range of personal and commercial insurance policies. The company has consistently invested in its capital base, technology systems, and human resources, enabling steady top- and bottom-line growth. Its business model focuses on direct underwriting, supported by a network of branches and digital channels, with a commitment to providing competitive rates and high-quality coverage.

Products and Platforms

GasanMamo offers a broad product suite segmented into Personal Lines and Commercial. Personal Lines include motor insurance (third-party and comprehensive), home insurance (buildings, contents, landlord), travel insurance (single-trip and annual multi-trip with recent 2026 updates increasing medical cover limits and age limits), health insurance, and boat insurance. Commercial lines cover business insurance for property, liability, motor fleet, and specialised policies. The company has developed digital platforms to enhance customer experience: the clickGMI online portal allows policy management, quotes, and claims, while the Claim Easy mobile app facilitates motor claims reporting.

Market Position and Competition

GasanMamo is widely recognised as one of the most accomplished insurers in Malta, with a strong market presence and a reputation for reliability. It competes with other local and international insurers operating in the Maltese market, though specific competitor names are not publicly detailed. The company’s long history, local expertise, and comprehensive product range give it a competitive edge.

Governance and Leadership

The company operates under a board of directors that includes representatives of the founding families and independent professionals. Julian J. Mamo has served as Managing Director since 2013, bringing over 25 years of insurance experience. Joseph A. Gasan chairs the board of GasanMamo Insurance and the wider Gasan Group. Mark Gasan, CEO of Gasan Group, also serves as a director of GasanMamo Insurance. Other non-executive directors include Nicholas Bell, Baudouin Deschamps, Mark Mamo, and Robert Rogers. GasanMamo is authorised and regulated by the MFSA under the Insurance Business Act.

Corporate Social Responsibility and Community

GasanMamo maintains a strong community focus, with a stated mission to “provide assurance to clients, employees, partners, shareholders, and the wider community” and a vision to “set the standard for the insurance industry by providing innovative, value-added solutions and unparalleled service.” The company regularly supports community, environmental, and sporting initiatives across Malta, reflecting its commitment to social responsibility.