Provident Capital Indemnity Secures Regulatory Approval in Ecuador

Provident Capital Indemnity, the specialist insurance and reinsurance company, is pleased to announce it has been approved as a Regulated Reinsurance company by the Superintendency of Banks and Insurance (SBS) in Ecuador.


Provident Capital Indemnity, the specialist insurance and reinsurance company, is pleased to announce it has been approved as a Regulated Reinsurance company by the Superintendency of Banks and Insurance (SBS) in Ecuador. The SBS is the regulatory body that supervises insurance and reinsurance companies in Ecuador.

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:
“Developing nations provide significant commercial opportunities for businesses such as Provident Capital Indemnity. We will continue 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

Provident Capital Indemnity is a specialist insurance and reinsurance company. Founded in 1991, the Company underwent a full operational and management restructuring following the appointment of Dr Minor Vargas as President and CEO in 2005. It currently has total assets of over USD185million and has maintained a 5A/5AS Dun & Bradstreet rating since 1998.

Current growth areas for the Company 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. www.providentinsurances.com

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
00506 2237-9475

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