Interseguro Compania de Seguros de Vida S.A.

completed

The project is to invest up to US$4 million in equity for up to 15% of Interseguro. Interseguro was founded in 1998 as an initiative of Interbank Group to take advantage of the high growth expected in the life insurance business in Peru. As with all relatively new and growing life companies, Interseguro is posting net losses as it builds technical reserves against its portfolio of policy liabilities. IFC''s investment will provide additional capital to support Interseguro through this critical growth stage. It is an opportunity for IFC to provide continued support to private pension reform and contractual savings as Interseguro provides the "next step" (through its annuity product) for members of the private pension plans as they retire. It will also be an opportunity for IFC to support greater corporate governance through its possible participation on Interseguro''s Board.