Crestline Proclaims Launch of CL Life and Annuity Insurance coverage Firm – PR Newswire

August 19, 2022 By admin

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Crestline enters insurance coverage market via strategic acquisition
FORT WORTH, Texas, Aug. 11, 2022 /PRNewswire/ — Crestline Buyers, Inc. ("Crestline") a credit score centered institutional asset supervisor, at this time introduced its entrance into the direct annuity insurance coverage market with the acquisition of a life insurance coverage firm established in 1978 and licensed in a number of states, which can now function as CL Life and Annuity Insurance coverage Firm ("CL Life"), a supplier of insurance coverage merchandise designed for retirement property that seeks to supply policyholders secure progress, tax deferral and earnings planning.
"By way of this strategic acquisition, we’re excited to be partnering with a longtime insurance coverage and annuity group with deep {industry} experience and a powerful background in delivering high-quality, aggressive merchandise for policyholders," mentioned Doug Bratton, Founding Companion, CEO and Co-CIO of Crestline. "Rick Hodgdon, President and Head of Insurance coverage Enterprise at CL Life is an industry-veteran with over 4 many years of expertise efficiently constructing and scaling worthwhile insurance coverage and reinsurance companies. We look ahead to working with Rick and his skilled group on in search of to ship annuity merchandise that meet the monetary objectives of our purchasers and provide robust returns for policyholders."
"It is a pleasure to be part of the Crestline household throughout an thrilling interval within the agency’s historical past," mentioned Rick Hodgdon.  "Crestline’s disciplined and strategic assist will allow CL Life to successfully capitalize on our progress technique and provide coverage holders aggressive annuity merchandise with a disciplined funding program to in the end assist them attain their monetary objectives."
CL Life will present insurance coverage merchandise to impartial brokers via tax-deferred mounted annuities, which supply lifetime earnings choices and penalty-free withdrawals. The CL Sundance Annuity is a single premium deferred annuity with the selection of a 2-, 3-, 5- or 7-year rate of interest assure interval. The CL Sundance Annuity is designed to align with the particular wants of its policyholder’s monetary plans.
About CL Life and Annuity Insurance coverage Firm
Headquartered in Fort Price, Texas, CL Life and Annuity Insurance coverage Firm seeks to supply insurance coverage merchandise specifically designed for retirement property that supply secure progress, tax deferral, and earnings planning. Its mission is to supply aggressive merchandise that meet the monetary objectives of coverage holders, investing in property for the aim of rising coverage holder premiums aimed toward producing robust returns with the flexibleness to safe their future. CL Life is an affiliate of Crestline Buyers, Inc., an institutional funding administration agency with roughly $15.4 billion in property underneath administration. For extra data go to www.cllife.com.
About Crestline Buyers, Inc.
Crestline Buyers, Inc., based in 1997 and based mostly in Fort Price, Texas, is an institutional different funding administration agency with roughly $15.4 billion in property underneath administration. Crestline focuses on credit score and opportunistic investments, together with offering versatile capital options to center market corporations, asset backed investing and financing and restructuring options for mature non-public fairness funds. As well as, the agency manages a multi-PM fairness market-neutral hedge fund and offers beta and hedging options for institutional purchasers. Headquartered in Fort Price, Texas, the corporate maintains affiliate workplaces in New York, London, Toronto and Tokyo. For extra data, please go to www.crestlineinvestors.com.
This monetary promotion is issued by Crestline Administration, LP and Crestline Europe, LLP (collectively "Crestline").  Crestline Europe, LLP is authorised and controlled by the Monetary Conduct Authority (FCA).
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