Mulberry Insurance Brokers Ltd

What Mulberry Insurance Brokers Ltd does

Mulberry Insurance Brokers Ltd is a Malta-based independent insurance brokerage founded in 2015 by Ivan Vladimir Buttigieg, an insurance professional with over 25 years of experience and a Lloyd's of London background. The firm is headquartered in Paola, Malta, with a second branch opened in Santa Venera in 2023, and operates with a small team of approximately five employees. It is licensed by the Malta Financial Services Authority (MFSA) and is affiliated with the Howden One global broking network, which provides access to international underwriting capacity and specialty markets that a standalone local broker could not reach alone.

The company serves three distinct client segments: individual retail customers (personal lines), corporate clients, and industry-specific accounts in higher-acuity verticals such as energy, construction, marine, and finance. Its product offering spans standard personal lines (motor, home, health) and commercial lines, supplemented by specialty coverage for the targeted industry verticals. Between 2022 and 2025, the firm materially expanded its senior practitioner bench with the addition of Michelle Agius Portelli, Chris Cuschieri, Glenn Tonna, Luca Camilleri, and Nicolas Paul Sammut, transitioning from a founder-led practice to a multi-practitioner brokerage.

Mulberry earns revenue through commissions on insurance placements and direct client fees, the standard economics of an appointment-based intermediary. The business model is that of a traditional broker: no proprietary technology platform, no digital distribution channel, and no disclosed non-commission revenue streams are evident in the available data. As a small independent broker operating in a single market, the firm is structurally dependent on the Howden One network for competitive underwriting terms, specialty capacity, and credibility — a dependency that is both a strength and a concentration risk.

Name

Mulberry Insurance Brokers Ltd

Legal name

Mulberry Insurance Brokers Limited

Website

https://mulberrybrokers.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Mulberry Insurance Brokers Ltd is a Malta-based independent insurance broker founded in 2015, serving individuals, corporates, and industry-specific clients in energy, construction, marine, and finance under MFSA licensing and the Howden One global network.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Commercial Lines Insurance Brokerage (FSAEADAB)

akta.pro secondary industries

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ), Retail (Personal Lines) Insurance Brokerage (FSAEADAA)

Keywords

• Insurance brokerage services
• Commercial insurance solutions
• Personal lines insurance
• Marine insurance coverage
• Risk management advisory

Headquarters

HQ city

Paola

HQ country

Malta

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Insurance Commissions (Brokerage): Commissions paid by insurers upon placement of insurance policies. The company acts as an intermediary between clients and insurers, earning brokerage fees for policy placement.
2. Client Fees: Fees agreed directly with clients for professional services, either independently or in combination with insurer commissions.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Mulberry Insurance Brokers Ltd is an independent insurance intermediary licensed by the Malta Financial Services Authority. The firm assesses client insurance needs, advises on suitable coverage, places policies with a wide range of insurers, and supports ongoing policy administration and claims handling. Offerings span personal lines (motor and home), commercial and corporate insurance, marine, engineering and construction, oil and gas, energy, and finance sector coverage.

Product overview

Mulberry Insurance Brokers Ltd operates as an independent insurance broker offering a unified service model comprising insurance broking, risk management advisory, and claims management support. The company places coverage with a wide range of insurers and provides tailored solutions across multiple sectors including personal lines (motor, home insurance), commercial and corporate insurance, marine insurance, energy, construction, and oil and gas insurance. The core offering revolves around acting as an advice-driven intermediary that assesses client needs, provides strategic guidance, places appropriate coverage, and supports ongoing claims handling—all delivered through their team of experienced insurance professionals.

Differentiator

Problem solved

Functional benefit

Products and services

• Insurance Broking Services Independent insurance intermediary services placing coverage with insurers from a wide range of providers, including assessment of insurance needs, advice on suitable products, placement of cover, and ongoing policy administration support. Targeted at both individual and corporate clients in Malta.
• Risk Management and Advisory Expert advisory and risk management solutions working closely with clients to navigate insurance complexities and align with long-term business goals, including bespoke policy structuring and optimal terms negotiation. Targeted at corporate and business clients.
• Claims Management Support Ongoing support with claims handling and management throughout the policy lifecycle. Targeted at both individual and corporate policyholders.
• Personal Lines Insurance Individual insurance coverage including motor, motor fleets, and home insurance for personal consumers in Malta.
• Commercial and Corporate Insurance Comprehensive insurance solutions for commercial and corporate clients, including structured policies tailored to unique business needs, risk assessment, and policy structuring. Targeted at Malta-based businesses of various sizes.
• Marine Insurance Specialised marine insurance coverage with expertise in commercial and marine insurance, including reinsurance. Targeted at marine and shipping sector clients.
• Engineering and Construction Insurance Insurance coverage for engineering and construction projects, including specialized expertise in this sector. Targeted at construction firms and project owners.
• Oil and Gas Insurance Specialized offshore insurance coverage for the Oil and Gas Industry, including risk consultancy for major projects. Targeted at oil and gas operators and contractors.
• Energy Sector Insurance Tailored insurance solutions for the energy sector with specialized expertise and thought leadership. Targeted at energy sector operators.
• Finance Sector Insurance Specialized insurance solutions for the finance sector, including coverage for financial institutions and related risks. Targeted at financial institutions.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Howden OnecoreStrategic or Co-development PartnerMulberry Insurance Brokers is part of the prestigious Howden One network, providing global reach and access to local insights, regulatory expertise, and international insurance markets. The partnership enables the company to service clients with global presence, offering customized solutions for complex international challenges including cross-border risks and international compliance requirements. Howden One provides access to world-leading experts and resources, positioning Mulberry to handle tasks of any scale or complexity.

Scale indicators2 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Aon plc: Global professional services firm with a major insurance brokerage division serving commercial and specialty risks. Competes with Mulberry for large commercial and corporate accounts and represents the broader incumbent landscape.
• Howden Group Holdings: Global insurance intermediary group operating the Howden One network that Mulberry is part of. A broad incumbent offering the same broking capabilities at much larger scale, and the parent/partner network through which Mulberry accesses international markets.
• Arthur J. Gallagher & Co. Global insurance brokerage and risk management services firm with a strong specialty practice serving commercial clients. Comparable commercial/specialty broking model to Mulberry but at multi-billion-dollar scale.
• Willis Towers Watson (WTW): Global advisory, brokerage, and solutions firm with significant insurance broking operations across commercial, specialty, and reinsurance lines. Comparable offering to Mulberry across the same product categories at global scale.
• Marsha McLennan (Marsh): Global insurance brokerage and risk advisory firm offering commercial and specialty broking services comparable to Mulberry's oil & gas, marine, and construction practice, but at vastly larger scale.

Direct peers

• Citadel Insurance plc: Malta-based insurance company with a general insurance license, offering personal and commercial products through intermediaries and direct channels. Comparable Malta-based competitor with similar product breadth.
• Elmo Insurance Ltd: Malta-based general insurance company and intermediary. Competes directly with Mulberry in personal and commercial lines, and is explicitly referenced in Mulberry's team history (Chris Cuschieri was previously GM at Elmo).
• GasanMamo Insurance: One of Malta's largest and longest-established insurance intermediaries, offering both personal and commercial lines. Direct competitor to Mulberry in the domestic Maltese market with similar multi-line brokerage model.
• Atlas Insurance PCC: Leading Maltese insurance company operating as both carrier and intermediary across personal, commercial, and specialty lines. A direct competitor serving the same Malta-based client base.

Emerging players

• Bowring Marsh (part of Marsh): Specialty insurance placement platform within the Marsh network focused on complex and emerging risks. Comparable to Mulberry's specialty placement orientation (oil & gas, marine, energy) but operating as a global platform rather than a regional boutique.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/mibl-malta

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mulberry Insurance Brokers Ltd