So far this year seven new companies have entered the country. Four are already set up and have plans for 2009, but making a name is no easy feat.
Eastern Pacific Insurance Company, Banesco Seguros and Seguros Constitución are all companies with Venezuelan capital. Permier, another company which already has a license to operate, and BBA Corp. (which just got its license) are also from Venezuela. Joining this group is the Multinacional de Seguros which just bought Ancon Insurance. Ace will be the only of the nine companies that is from the United States.
The Panamanian Aseguradores Association (APADEA), is a non-profit organisation, that was created in 1952 with the objective of developing, enlarging and coordinating the activity of the insurance market throughout Panama.
Operates in Panama
Phone: (507) 225-4445