HMCA Insurance Ltd is licensed to operate by the Financial Services Commission in Gibraltar which regulates all Insurance Companies in Gibraltar. The Company is independently family owned.
The company is licensed to write certain classes of General Insurance business, HMCA Insurance currently specialises in underwriting private healthcare plans, dental and hospital cash plans for individuals and their families.
HMCA Insurance has built up a successful trading position since 2006 which is reflected in the accounts and has ensured that the Company has accumulated a significant solvency surplus according to the Insurance Regulations. All UK business is also fully covered by the Financial Services Compensation Scheme.
By initially working through Intermediaries, HMCA Insurance has been able to grow its business. HMCA Members in particular, a Yorkshire based intermediary, who have successfully sold a variety of healthcare plans since 1978, were HMCA Insurance’s first client and still their most significant one.
More recently, HMCA Insurance has started marketing its own products to other businesses in the UK and is now expanding its reach directly into Gibraltar.
HMCA Insurance’s developing sales philosophy is very much based on HMCA Member’s model of specialising in selling to trade and membership organisations which has proved very successful for HMCA Members. This gives exclusivity which allows substantially discounted rates to be offered.
HMCA Insurance’s senior staff have a wealth of experience and longevity within the Gibraltar insurance industry which is reflected in its strong financial position.