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Providing Solutions since 2018


As an International Insurer, Providence Insurance Company has a singular structure in the global insurance marketplace which empowers us to offer more unique coverage to more policyholders at a greater advantage than alternative structures. We are a United States Corporation subject to the tax and insurance laws of Puerto Rico while holding all assets in United States dollars. We have the benefit of the United States civil system, currency, and stability while also enjoying the flexibility of Puerto Rico’s business advantaged local codes. 


Providence Insurance Company manages a diverse portfolio of Segregated Assets Plans, which offer unique advantages to certain investors and policyholders. Segregated Assets Plans are part of Providence Insurance Company’s core structure, but may hold specific risk and benefit specific investors, according to the terms of how they are created without the need to obtain new licensing, fund minimum capitalization requirements, or other burdens of starting and maintaining an insurance business.


Providence Insurance Company has the expertise and insight to navigate the increasingly complex and regulated environment of captive insurance companies. If your company is eligible and has an interest in managing risk in accident and health lines, we can assist you, Providence Insurance Company has the authority to transact insurance business to your advantage with flexible structures to meet your specific needs. To learn more about whether your company is eligible and explore the opportunities and limitations of captive insurance, contact us today.

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Providence Insurance Company currently services a wide array of markets in the Property and Casualty as well as the Accident and Health lines. We are also able to quickly assess and price new market opportunities and regularly innovate in emerging areas across the globe. For specific markets served, please see below. 

  • Commercial Group Health Plan Reinsurance. Many employers seek unique coverage to meet the requirements of the Patient Protection and Affordable Care Act and the Employee Retirement Income Security Act. We cover a number of flexibly designed health plans to meet the individual needs of employers.

  • Wage Ordinance Markets. On top of federal regulations, many employers face additional challenges in Wage Ordinance Markets through federal wage ordinance laws like the Service Contract Act or local laws. Providence Insurance Company is unique among reinsurance carriers by covering flexibly designed health plans priced on an hourly basis as well as covering plan arrays to meet a benefits grid, depending on the specific rules of the more than 150 wage ordinance provisions Providence Insurance Company is able to service. Since wage ordinance provisions preclude the ability for an employer to structure a captive insurance arrangement or similar structure, Providence Insurance Company does not structure or provide reimbursement or enrichment options for employers subject to these provisions. However, Providence Insurance Company can create tailored and efficient plan designs to ensure that overpayment of obligations does not occur. If you have a wage ordinance obligation, Providence Insurance Company is here to help.

  • Quota Sharing and Retrocession Arrangements. Providence Insurance Company is an excellent source of shared and meta risk arrangements with carriers seeking to achieve one or more of the following goals:

    • Access markets otherwise unavailable to a carrier that are available to Providence Insurance Company.

    • Stabilize reserve funds in United States currency.

    • Obtain access to the United States legal system for policy interpretation and adjudication.

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At Providence Insurance Company I.I., we are committed to excellence. Since our founding in 2018, we have been working hard to ensure our clients receive the best possible insurance services. Our team of professionals offer unparalleled customer support and expert advice. Learn more about what we do by contacting one of our professional consultants. You’ll be surprised to learn what we can offer you and your business.

Providence Insurance Company License 


Alexander Renfro
Arjan Zeiger
Orlando Figueroa
Operation Manager


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954 Ponce de Leon Avenue

Miramar Plaza Suite #802

San Juan, PR 00907

San Juan, Puerto Rico
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