Schwarzmeer
und Ostsee Versicherungs Aktiengesellschaft (SOVAG)
Est.1927
Registered in Hamburg, Germany
SOVAG, started operating in Malta
in February 2003. A new series of polices. A new series
of policies was launched in Malta by Cordina Insurance Agency Ltd. under the
product name "Gardjola". Gardjola is a sentry box or watch tower
which dots the fortifications of Malta.
SOVAG is an insurance company
register in Germany. It was established on 7th July 1927
Cordina Insurance Agency Ltd. has
already been dealing in insurance since 1947.
Centrally located at the heart of Malta's capital city
Valletta
SOVAG has been granting a favourable rating by
A.M. Best, one of the main insurance rating agencies.
It is subject to the supervision of the Federal Supervisory
Authority in Germany and is licensed to operate in Malta by the Malta
Financial Services Authority in Malta to operate all categories of
insurance apart from Life Insurance
SOVAG is licensed to underwrite insurance in Malta accordance to the
Insurance Business Act 1998 by the Malta Financial Services Authority.
Cordina Insurance Agency Ltd. are licensed by MFSA to underwrite insurance
business on behalf of SOVAG.
