New Insurance Company Authorized in Costa Rica

Sagicor has been authorized by the Superintendent of Insurance to sell personal and general policies.

Thursday, February 21, 2013

According to an article in, Sagicor "... is originally from Barbados and was founded 172 years ago. Sagicor belongs to Sagicor Financial Corporation, an entity which was founded in 2002 and is listed on the stock exchanges of Jamaica , Barbados, Trinidad & Tobago and London. "

Currently, the company operates in 23 countries including the English-speaking Caribbean, Panama, 45 U.S. states and in Europe, where it participates in the largest reinsurance market in the world.

As outlined on the company’s website, "insurer Sagicor Costa Rica, SA was granted a license to operate in the country as an A12 mixed insurer on February 20, 2013 as per resolution SGS-DES-O-0347-2013. Previously the company gained conditional approval to operate in the Costa Rican insurance market as mixed insurer in April 2012 as per authorizing resolution SGS-DES-R-765-2012. "

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