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

August 18, 2022 By admin

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Crestline enters insurance coverage market by strategic acquisition
FORT WORTH, Texas, Aug. 11, 2022 /PRNewswire/ — Crestline Buyers, Inc. ("Crestline") a credit score targeted institutional asset supervisor, right this moment 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 development, tax deferral and earnings planning.
"By means of this strategic acquisition, we’re excited to be partnering with a longtime insurance coverage and annuity workforce with deep {industry} experience and a powerful background in delivering high-quality, aggressive merchandise for policyholders," mentioned Doug Bratton, Founding Accomplice, 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 a long time of expertise efficiently constructing and scaling worthwhile insurance coverage and reinsurance companies. We sit up for working with Rick and his skilled workforce on searching for to ship annuity merchandise that meet the monetary targets 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 development technique and provide coverage holders aggressive annuity merchandise with a disciplined funding program to in the end assist them attain their monetary targets."
CL Life will present insurance coverage merchandise to unbiased brokers by tax-deferred mounted annuities, which provide 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 Value, Texas, CL Life and Annuity Insurance coverage Firm seeks to offer insurance coverage merchandise specifically designed for retirement property that provide secure development, tax deferral, and earnings planning. Its mission is to offer aggressive merchandise that meet the monetary targets 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 beneath administration. For extra info go to www.cllife.com.
About Crestline Buyers, Inc.
Crestline Buyers, Inc., based in 1997 and based mostly in Fort Value, Texas, is an institutional various funding administration agency with roughly $15.4 billion in property beneath administration. Crestline makes a speciality of credit score and opportunistic investments, together with offering versatile capital options to center market firms, 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 gives beta and hedging options for institutional purchasers. Headquartered in Fort Value, Texas, the corporate maintains affiliate workplaces in New York, London, Toronto and Tokyo. For extra info, 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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