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August 31, 2015 5:06 AM ET

Insurance

Company Overview of PT Tugu Pratama Indonesia

Company Overview

PT Tugu Pratama Indonesia operates as a general insurance company in Indonesia. The company offers onshore, offshore physical damage and well control insurance, offshore rig insurance, construction builder’s risk policy, and land rig insurance for the energy sector; fire and property insurance, including property all risks insurance, business interruption insurance, and Indonesia standard fire policy; and aircraft hull all risks and liability insurance, aircraft hull war and allied perils insurance, aircraft hull deductible insurance engines and spares, legal liability insurance aviation refueling, airport owners and operators liability insurance, and crew personal accident and loss of licen...

Wisma Tugu I

Jalan H.R. Rasuna Said

Kav C 8-9

Jakarta,  12920

Indonesia

Founded in 1981

Phone:

62 21 529 61777

Fax:

62 21 529 61555

Key Executives for PT Tugu Pratama Indonesia

Finance & Corporate Service Director and Director
Age: 58
President Director
Age: 55
Marketing Director and Director
Age: 54
Technical Director and Director
Age: 54
Compensation as of Fiscal Year 2015.

PT Tugu Pratama Indonesia Key Developments

Investors Eyes Stake In Tugu Pratama

Yasril Rasyid, President Director of PT Tugu Pratama Indonesia, said that more than 10 foreign and domestic investors have expressed their interest in PT. Tugu Reasuransi Indonesia. ?We expect to finalize the prospective investor selection by the first and second quarters of 2015 to decrease the number of prospective investors to five investors, he said to IFT. He said the entire prospective investors of Tugu Reasuransi are reinsurance companies from Asia and Europe. However, Rasyid declined to mention the identities of the prospective investors. ?The prospective investors will invest in Tugu Reasuransi through rights offering, he said.

Tugu Pratama Delays Plans Of IPO

PT Tugu Pratama Indonesia has postponed its plans to conduct an initial public offering. Yasril Y. Rasyid, President Director of Tugu Pratama, said that they do not have a capital problem so the IPO plan is temporarily cancelled. He said the IPO will not be done in the next few years but the company cannot predict whether such corporate action is required or not.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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