Investors Trust opens new insurance company in Puerto Rico

Source: Middle East Insurance Review | Mar 2019

Investors Trust has announced the opening of a new insurance company in Puerto Rico called ITA International Insurer in a bid to expand its global footprint.

ITA International Insurer will provide international financial advisers (IFAs) and potential clients with more options and greater flexibility for managing and growing wealth.

To accommodate for these changes, Investors Trust has also established an International Financial Entity (IFE) in Puerto Rico to consolidate all banking and custody transactions for the group of insurers.

Puerto Rico is seen as an ideal jurisdiction for insurers and reinsurers from Latin America, Europe and other international markets. As a United States Commonwealth, Puerto Rico’s free market economy is subject to both federal and state regulations designed to protect free market competition, specifically, but not limited to, the insurance and banking industries. This position further stabilises Puerto Rico as an attractive domicile for international insurance business and provides legal peace of mind for companies and individuals.

Investors Trust is part of the ITA Group, an international group of insurers and subsidiaries. M

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