Provident Capital Indemnity Secures Regulatory Approval in Indonesia

Share |

Provident Capital Indemnity, the specialist insurance and reinsurance company, is pleased to announce it has been approved as a Regulated Reinsurance company in Indonesia.

San Jose (I-Newswire) December 17, 2010 - Provident Capital Indemnity, the specialist insurance and reinsurance company, is pleased to announce it has been approved as a Regulated Reinsurance company in Indonesia. Indonesia is strategically located between China and India and is the world’s fourth most populous nation with the world’s largest Muslim population.

Founded in 1991, Provident Capital Indemnity has total assets of over USD185million and has maintained a 5A/5AS Dun & Bradstreet rating since 1998.

Current growth areas for Provident include Financial Guarantee Bonds for the financial services sector and Surety Bonds to commercial and industrial organisations which guarantee the faithful performance of contractual obligations between parties and payment where the principal defaults.

The Company’s President and major shareholder is Dr Vargas, its Board of Directors comprising Dr Vargas, Dr Claudio Ansorena, a former economist for the Inter American Development Bank (IDB) in Washington DC, David Aguilar who holds an MA in Economics from the University of San Francisco, and Eduardo Montero.

Dr Vargas, President of Provident Capital Indemnity, commented:
“Indonesia is strategically located in the South East Asia. We see significant value in securing a regulatory status in the region. We will continue working hard to extend the number of jurisdictions in which we are regulated.”

Provident’s insurance and reinsurance products are only available to recognised organisations and professionals within the insurance industry. For further information, please visit www.providentinsurances.com

Further information

Provident Capital Indemnity Newsdesk Tel: + (506) 2237-9475
Email: pciprodpt@racsa.co.cr

About Provident Capital Indemnity:
Insurance company

Company Contact Information
Provident Capital Indemnity
Provident Capital Indemnity
D. C. Ronim, S.A. Financial Services Division
Oficinas Ejecutivas San Rafael, San Rafael, Heredia, Costa Rica
00000
Phone : 00506 2237-9475

Print Release

Share this News Release

Published in:

Insurance

Tags:

indonesia Indemnity capital PCI provident

Published on:

December 17, 2010

Content Disclaimer: If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service company and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter,make sure to check the official company website for accurate release dates as our site displays the date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information.