IORC Export & Credit Insurance Corporation Fully Acquires Royal Chartered Insurance, Starting January 2021
MIDDLETOWN, DE / ACCESSWIRE / December 31, 2020 / Mr. Benjamin Eber, Business Director of Royal Chartered Insurance, announced today an acquisition deal on the basis of which IORC Export & Credit Insurance Corporation will become the new owner of Royal Chartered Insurance.
“IORC Export & Credit Insurance Corporation had been planning since 2019 to expand its activities outside the Indian Ocean Rim Countries without prejudice to its activities, and therefore the best solution was to acquire a company that has a presence such as Royal Chartered Insurance, which was established in 2015.” Mr. Benjamin Eber said.
Royal Chartered Insurance offers a range of products and services involving various classes of insurance. The products and services are designed and developed in collaboration with leading international insurance, reinsurance companies, and recognized banks to meet individuals’ and corporate customers’ insurance requirements.
“Until the end of 2020 Royal Chartered Insurance business was limited only to coordination between “financing entities” and “insurance, reinsurance companies and banks” in order to obtain financial coverage for their activities, but from January 2021, Royal Chartered Insurance will be a full-fledged insurance company capable of issuing insurance policies,” Mr. Benjamin Eber said.
Royal Chartered Insurance works with local and sovereign governments, regulated utilities, and private-sector developers and operators, along with their bankers and advisors, to reduce the medium- and long-term funding cost of essential projects and services in countries with investment-grade sovereign ratings.
Mr. Benjamin Eber, Business Director of Royal Chartered Insurance, concluded this statement by saying “Our attorneys and legal advisors have already started to officially close the Royal Chartered Insurance and its offices in the United States of America in order to completely move to one of the Indian Ocean Rim Countries in January 2021”.
Royal Chartered Insurance
Suite 446, 364 East Main St.
Middletown, DE 19709
United States of America
Telephone: +1 (302) 23 23 143