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

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...