Brexit and STM Life
Updated 18 January 2021
STM Life wishes to inform its policyholders that no changes will apply to those policyholders who are resident and continue to be permanently resident in Gibraltar, UK and outside the European Union (EU)/European Economic Area (EEA).
Policyholders who are resident in, or are considering relocating to a country within the EU/EEA may be affected by the outcome of Brexit negotiations and are advised to contact STM Life for further information. The list of countries in the EU/EEA can be found at gov.uk/eu-eea
STM Life’s Policyholders who are resident in Italy should note that Italy have introduced transitional legislation which allows STM Life to continue to service existing polices, but those policyholders should note that this does not include the acceptance of any further premiums into the policy.
Policyholders should refer to their policy documentation for details of their policy terms and can contact info@stmlife.com with any enquires.
For more information on Brexit generally please visit Brexit website.
Life Insurance
Solutions
STM Life offers a broad range of product solutions with a specific focus on asset and investor protection, privacy and tax optimisation.
Policy
Protection
As a Protected Cell Company (PCC) working within a highly respected and regulated jurisdiction, STM Life affords the highest level of policyholder protection.
STM Life part of
STM GROUP
STM Life is a life insurance company operating out of Gibraltar's highly regulated financial centre.
STM Life is an innovative and independent wealth planning solutions provider offering bespoke product solutions for Affluent and High Net Worth clients within STM Life’s chosen jurisdiction.
STM Life Assurance PCC Plc (STM Life) is a Gibraltar based life insurance company operating out of Gibraltar’s highly regulated and long-established financial centre. Established in 2008 and part of STM Group Plc (a company listed on the Alternative Investment Market of the London Stock Exchange), STM Life offers a broad range of product solutions with a specific focus on:
- Asset and Investor Protection
- Tax Optimisation
- Privacy
- Inheritance Tax Planning
- Flexibility and Transparency
As a Protected Cell Company (PCC) working within a highly respected and regulated jurisdiction, STM Life affords the highest level of policyholder protection due to ring fenced individual client accounts held by a regulated custodian.
STM Life’s bespoke product solutions provide clients with a number of significant advantages in the area of asset protection and local tax and estate planning to ensure the optimal structuring and management of their wealth.
As STM Life is established as a Protected Cell Company, it is subject to the provisions of Gibraltar’s Protected Cell Companies Act 2001. This means that STM Life may create legally recognised “cells” within the company in order to segregate and protect each policyholder’s assets, hence providing a maximum degree of policyholder protection in the event of STM Life not being able to fulfil its obligations.
STM Life is licensed under Gibraltar’s Insurance Companies legislation which incorporates the provisions of the EU’s Third Life Insurance Directive. STM Life meets the capital and solvency rules laid down by the directive. The Company is subject to continuous regulation by the Gibraltar Financial Services Commission.