Philadelphia Financial Launches Bermuda Subsidiaries

Aug 22 2012 | 9:04am ET

Philadelphia Financial, a high-net-worth private placement insurance provider, has gone international, establishing two Bermuda-domiciled life insurance subsidiaries.

The launch of the Philadelphia Financial Life Assurance Company (Bermuda) and Philadelphia Financial Life International supports the company’s strategy of growth through acquisition and of 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 PPLI franchise with a Bermuda-domiciled solution to serve the global high-net-worth market,” said John K. Hillman, CEO of Philadelphia Financial, in a statement.

 


In Depth

FINalternatives Survey: We Asked Investment Pros...

Apr 2 2016 | 9:42pm ET

The data from our annual reader survey continues to roll in and provide interesting...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...