July 28, 2016 4:19 PM 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 focuses on providing insurance against risks in the oil and gas industry. It offers liability, directors’ and officers’ liability, workmen's compensation, bonds, money, motor vehicle, and burglary/theft insurance; marine hull, cargo, and protection and indemnity insurance; personal insurance, such as household, motor vehicle, and personal accident insurance; and credit and suretyship insurance, which comprise credit, bid bond, performance bond, advance payment bond, and maintenance bond insurance. The company also offers onshore and offshore energy/oil and gas, fire and property, aviation, engineering...

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

President Director
Age: 56
Finance & Corporate Services Director and Director
Age: 53
Technical Director and Director
Age: 43
Marketing Director and Director
Compensation as of Fiscal Year 2016.

PT Tugu Pratama Indonesia Key Developments

Pertamina To List Subsidiaries In 2016

PT Pertamina (Persero) intends to list its subsidiaries on Indonesia Stock Exchange (IDX) in 2016. Dwi Soetjipto, President Director of Pertamina, said that next year there will be subsidiaries which will hold initial public offering (IPO) in the IDX. "Obviously, next year there would be our subsidiaries which will conduct IPO. However, we cannot mention the companies as they are still being discussed," he said. According to information PT Tugu Pratama Indonesia, Pt Pertamina Bina Medika and PT. Patra Jasa Hotel are likely to be listed. Dwi Soetjipto said the company now is still discussing IPO plan of three subsidiaries. However, for Pelita Air, he denied the company will hold IPO because the economic condition is fluctuating and market condition is not so favorable.

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.

Similar Private Companies By Industry

Company Name Region
Indonesia Deposit Insurance Corporation Asia
Paperless Claim Asia
PT ASABRI (Persero) Asia
PT Askes (Persero) Asia
PT Asuransi Jasa Indonesia Asia

Recent Private Companies Transactions

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

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