Press Release Summary = IDC International Development Corporation (TM)has received preliminary approval from respective financial services authorities, in order to complete the registration of its captive / reinsurance subsidiary company under suitable offshore jurisdiction.
Press Release Body = IDC International Development Corporation (TM) has received approval, to proceed in the registration of its subsidiary company IDIC International Development Insurance Corporation, - to be licensed as captive / reinsurance insurance underwritter, undertaking short - to medium term trade riks, financial riks & commercial risk (speciality risk) undertakings for existing IDC clients and projects.
IDIC shall be registered with its respective initial paid up capital of 25 Million EUR, whereby risk allocations exceeding 5 % of its total paid up capital shall be additionally reinsured through a AA´rated correspondent reinsurance carrier. Additionally IDIC shall offer to its clients a unique Investment Bond program, under which fixed term investment bonds are offered in the denominations of USD / EUR and GBP, offering a reinsured yearly return of 8 - 10 %p.a., whereby same investment bond program offers an AA+ financial rating by means of a institutional bond wrap.
Web Site = http://
Contact Details = IDC International Development Corporation (TM) 1090 Vermont Avenue N.W. Washington 20005 USA + (1) - (313) 557-3322 Telefax + (1) - (530) 820 -6632 Agents + (852) - 301 - 43143 Asia + (33) - 8 - 2145 - 6469 Europe internationaldevelopmentcorp@gmail.com
2022
