Philadelphia Financial Launches International Private Placement Life Insurance and Annuity Business
(firmenpresse) - PHILADELPHIA, PA -- (Marketwire) -- 08/21/12 -- , a leader in the high net worth private placement insurance market, today announced the launch of its international and annuity business. The company has established two insurance companies -- Philadelphia Financial Life Assurance Company (Bermuda), Ltd. and Philadelphia Financial Life International, Ltd. Both companies are wholly owned subsidiaries of Philadelphia Financial Group, Inc. This international business launch supports the company's strategy of growth through acquisition, and building both U.S. and international distribution.
"Our expansion into international markets is a response to both opportunity and demand, complementing Philadelphia Financial's market-leading U.S.-based franchise with a Bermuda domiciled solution to serve the global high net worth market," commented John K. Hillman, CEO of Philadelphia Financial. Ken Kilbane, Executive Vice President, added, "The establishment of these two companies positions our firm as a single source of private placement solutions to distributors, wealth advisors, law firms, accounting firms, trust companies and alternative investment managers serving clients. Philadelphia Financial now has the ability to offer solutions from both our U.S. domiciled carriers as well as through our Bermuda domiciled carriers."
Philadelphia Financial, headquartered in Philadelphia, Pennsylvania, provides insurance strategies to advisors of high net worth individuals and is a leader in strategic insurance. Philadelphia Financial principals have significant experience in the complex regulatory issues applicable to this unique product class. Philadelphia Financial is a Family Office Association Resource Council Mentor. For more information about Philadelphia Financial, please visit . For more information about our international business please contact us at .
Holly Singer
HS Marketing LLC
609.275.1303
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Datum: 21.08.2012 - 08:00 Uhr
Sprache: Deutsch
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