Peak Insurance Brokers

Peak Insurance Brokers is an independent insurance broker based in Santa Venera, in the central part of Malta, with further offices in Birkirkara and Naxxar. It has been arranging cover since 1996 and handles the everyday policies most households need, from the family car and the apartment to private medical plans, as well as marine, travel and commercial insurance.

For a UK reader the key idea is the one behind every broker: the firm does not sell the products of a single insurer. It looks across the Maltese market and some international underwriters, then recommends a policy that fits your circumstances. If you are buying a home, moving a car or insuring a boat in Malta, that comparison work is the service you are paying for, and our directory of insurance providers in Malta shows where Peak sits among the other firms.

Who Peak Insurance Brokers is

Peak Insurance Brokers Ltd. is enrolled to carry out insurance broking under the Insurance Distribution Act, Chapter 487, and is regulated by the Malta Financial Services Authority. It began in 1996 to offer risk management and broking to Maltese and overseas industrial and commercial customers, and to look after day-to-day personal insurance too. The business is medium-sized and puts weight on responding quickly when a client's needs change. Its team is described as young and dynamic, and the aim is to build long relationships with clients based on trust.

The firm names four principles: professionalism, independence, loyalty and excellence. Independence means it is not tied to any insurer, and loyalty means it acts for the client while still following the rules and conditions set by the insurers it places business with. Its mission is to help individuals identify, anticipate, analyse and reduce the impact of risk. Two directors are named: Leslie D. Borg, Managing Director, and Joseph Cremona, Executive Director.

Peak places business with a long list of insurers. These include Gasan Mamo Insurance, Mapfre Insurance, Atlas Insurance, Elmo Insurance, Argus Insurance, Thomas Smith Insurance and Citadel Insurance, among others, so a client is not limited to one name. The wider regulatory background is explained in our overview of financial services in Malta.

Motor insurance for cars, bikes and vans

Motor cover is compulsory in Malta, and Peak arranges it for private cars, vans, trucks, motorcycles, motorbikes, mopeds and scooters. It also deals with commercial vehicles and taxis. The policy types on offer are comprehensive cover for a car, van, motorcycle or truck, third party, fire and theft, and third party only, which is the legal minimum. Personal accident and no-claims bonus protection can be added.

Because the broker compares several insurers for the same vehicle, and does not simply offer one house product, a driver who has just brought a car to the island, or who is renewing after a year, can see more than one quotation. Renewals can be started from the firm's website or by getting in touch, and the team reviews the existing cover and checks the market for terms before the policy runs out. Anyone arriving to live on the island will find our Malta relocation guide useful alongside the insurance checklist.

Home and landlord insurance

Home insurance is arranged for houses, apartments, villas, terraced properties, townhouses and farmhouses. You can choose buildings cover, contents cover or the two combined, and the broker also arranges policies for landlords who rent out a property and for buy-to-let owners. The risks listed include fire, theft, accidental damage, storm, flood and water damage. Landlord cover matters in a market where many owners let flats to tenants, and the broker can arrange it as a separate policy or alongside the owner's own buildings cover.

The website gives examples that show how varied Maltese property is: a townhouse in the capital (see our Valletta city guide), an apartment in Sliema or a farmhouse in the countryside. Each is covered according to its own features rather than from a fixed package. Anyone buying a second home from the UK may also want our guide to Malta tax for UK nationals before they finalise costs. A home policy questionnaire is available on the website to get the process started, which saves time when you speak to a broker because the main facts about the property are already written down.

Health and travel insurance

Peak arranges private medical insurance for individuals, families and corporate groups, working with leading providers. Plans can include private hospital and specialist care, GP visits, dental and optical cover, outpatient and diagnostic care, and international emergency medical cover. It is a way of reaching private healthcare in Malta and abroad, and the broker describes the cover rather than offering medical advice.

Travel insurance covers single trips and annual multi-trip policies for individuals, families and groups. Benefits include emergency medical expenses, trip cancellation and curtailment, baggage loss, travel delay and round-the-clock worldwide assistance, with Schengen and worldwide cover available. These policies are aimed at Malta residents travelling in Europe or further afield. Family and group policies are also available for people travelling together.

Marine insurance for boats and yachts

Malta's waters are busy with pleasure craft, and Peak's marine insurance covers boats, yachts, sailing vessels, speedboats, catamarans, RIBs, dinghies, superyachts, charter vessels and commercial vessels in Maltese and Mediterranean waters. Policies include hull and machinery cover, third party liability and cover for commercial vessels and cargo. The firm arranges these through Lloyd's of London and specialist marine underwriters.

This matters to UK owners who keep a boat on the island, and to charter operators. Our Gozo island guide and the Blue Lagoon on Comino show the kind of cruising the cover is designed for.

Business and specialist cover

For companies, Peak arranges professional indemnity, public and products liability, employer's liability, commercial property and contents, fleet and commercial vehicle insurance and business interruption cover. The examples given are a shop, office, restaurant, clinic or trade, and the policies suit small and medium-sized enterprises as well as larger firms. Contractors all risk, pet insurance, personal accident and life insurance are also arranged, and the team will look at unusual risks such as an event or valuable items. If you are setting up in Malta, our partner page for CLA Malta covers company formation and tax, and the corporate tax structure guide explains how Maltese company tax works.

How the broker is paid and how claims work

Brokerage is generally provided at no direct cost to the client, because the firm receives commission from the insurer when you buy a policy. Remuneration arrangements are disclosed on request, so a client who wants to know how the firm earns from a particular policy only has to ask.

If you have a claim, the broker manages the process with the insurer on your behalf and pushes for a fair and timely settlement. Claims can be notified online, by email or by phone. For a car accident, the website sets out what to do: call the emergency services if anyone is hurt, use the bumper to bumper form for a minor front-to-rear collision with no injuries, call the traffic enforcement agency for other collisions, take photographs, avoid admitting liability at the scene and tell the broker as soon as possible.

Offices, opening hours and how to start

The head office is at 39 Triq Regjonali in Santa Venera. In summer it opens Monday, Wednesday and Friday from 8am to 2pm and Tuesday and Thursday from 8am to 1pm and 1.30pm to 4pm. In winter the hours are Monday to Thursday from 8.30am to 1pm and 1.30pm to 5pm, and Friday from 8.30am to 1pm and 1.30pm to 4.30pm. Peak also has a Birkirkara branch at 55 Triq Brared and a Naxxar branch at the George and Rocco Car Centre on Triq Tal-Labour. Visitors who want to stay near the centre of the island can browse hotels in Sliema, a short drive away.

To ask for a quote, a renewal or advice on a claim, use the VisitMalta.co.uk enquiry form on this page and we will pass your message to Peak Insurance Brokers.