Alpha Growth PLC - Providence Life Granted Isle of Man Branch License
-
Hurricane Erin drenches Caribbean islands, threatens US coast
-
Europeans arrive for high-stakes Trump and Zelensky talks
-
Trump, Zelensky and Europeans meet in bid to resolve split over Russia
-
Hamas accepts new Gaza truce plan: Hamas official
-
Stocks under pressure ahead of Zelensky-Trump talks
-
Russian attacks kill 14 in Ukraine ahead of Trump-Zelensky talks
-
Lassana Diarra seeks 65 mn euros from FIFA and Belgian FA in transfer case
-
Air Canada flight attendants face new pressure to end strike
-
Alonso says 'no excuses' as Real Madrid prepare for La Liga opener
-
Deadly wildfires rage across Spain as record area of land burnt
-
Swedish ex-govt adviser goes on trial over mislaid documents
-
Injured Springboks captain Kolisi out for four weeks
-
Irish literary star Sally Rooney pledges UK TV fees to banned pro-Palestine group
-
Stocks mixed ahead of Trump-Zelensky talks
-
Son of Norway princess charged with four rapes
-
Fresh Pakistan monsoon rains kill 20, halt rescue efforts
-
Forest sign French forward Kalimuendo
-
Zelensky warns against 'rewarding' Russia after Trump urges concessions
-
FIFA boss condemns racial abuse in German Cup games
-
Stocks diverge ahead of Trump-Zelensky talks
-
Spain and Portugal battle wildfires as death toll mounts
-
Joao Felix says late Jota 'will forever be part of football history'
-
Javelin star Kitaguchi finds new home in small Czech town
-
Rain halts rescue operation after Pakistan floods kill hundreds
-
Zelensky says Russia must end war, after Trump pressures Ukraine
-
China slams Germany for 'hyping' regional tensions in Asia
-
US envoy says Israel's turn to 'comply' as Lebanon moves to disarm Hezbollah
-
Asia stocks up before Trump-Zelensky talks
-
Fight to save last forests of the Comoros unites farmers, NGOs
-
Hong Kong court hears closing arguments in tycoon Jimmy Lai's trial
-
Five killed in Russian drone attack on Ukraine apartment block
-
Myanmar junta sets December 28 poll date despite raging civil war
-
German minister says China 'increasingly aggressive'
-
Singapore key exports slip in July as US shipments tumble 42.7 pct
-
German great Mueller has goal ruled out on MLS debut for Vancouver
-
Zelensky, European leaders head to US for talks on peace deal terms
-
Tourism deal puts one of Egypt's last wild shores at risk
-
Two right-wing candidates headed to Bolivia presidential run-off
-
Australian court fines Qantas US$59 million for illegal layoffs
-
Games industry in search of new winning combo at Gamescom 2025
-
Rooms of their own: women-only communities thrive in China
-
Social media hit Ilona Maher takes women's rugby onto new plane
-
Asia stocks up, oil down before Trump-Zelensky talks
-
Zelensky returns to site of stunning Oval Office shouting match
-
Two right-wing candidates headed to Bolivia presidential run-off: projection
-
Land Betterment Celebrates Kim Bryden's Service as Foundational Board Member
-
Newsmax Announces Settlement with Dominion Voting Systems
-
Cubic Awarded U.S. Army Program Executive Officer (PEO), Simulation, Training and Instrumentation (STRI), Synthetic Training Environment (STE) Live Training Systems (LTS) Mortars Rapid Fielding Contract
-
Ambience Healthcare Unveils Chart Chat: The First AI Copilot Built Into the EHR
-
Fast Finance Pay Corp Reports Second Quarter 2025 Financial Results and Provides a Business Update
NYSE - LSE
| CMSC | 0.11% | 23.145 | $ | |
| BCC | -0.82% | 85.29 | $ | |
| NGG | -1.03% | 70.7 | $ | |
| GSK | -0.31% | 39.24 | $ | |
| AZN | 0.39% | 79.483 | $ | |
| BTI | 1.2% | 57.843 | $ | |
| RIO | -1.42% | 60.385 | $ | |
| BCE | 0.37% | 25.705 | $ | |
| SCS | -0.31% | 16.1 | $ | |
| CMSD | -0.21% | 23.29 | $ | |
| RYCEF | 0.68% | 14.7 | $ | |
| JRI | -0.19% | 13.335 | $ | |
| RBGPF | 3.84% | 76 | $ | |
| VOD | 0.44% | 11.722 | $ | |
| BP | -0.85% | 34.04 | $ | |
| RELX | -0.23% | 47.85 | $ |
Alpha Growth PLC - Providence Life Granted Isle of Man Branch License
Providence Life Receives Isle of Man Branch License
LONDON, UK / ACCESS Newswire / June 20, 2025 / Alpha Growth plc, (www.algwplc.com) a leading global financial services specialist in the multi-billion dollar market of longevity assets and insurance linked asset and wealth management is pleased to announce that one of its group companies, Providence Life Assurance Company (Bermuda) Limited ("Providence Life Assurance"), a leading provider of bespoke life insurance solutions for ultra-high net worth ("UHNW") individuals and family offices, has been granted a branch license in the Isle of Man. The new branch, operating under the name Alpha PPLI www.alphappli.com, will cater to the sophisticated wealth planning needs of clients across the UK, Europe, Middle East and Asia.
The Isle of Man Financial Services Authority issued the permit to Providence Life Assurance on May 23, 2025, under section 22 of the Insurance Act 2008, authorizing the company to conduct both Class 1 and Class 2 insurance business with immediate effect.
Alpha PPLI builds upon Providence Life Assurance's established expertise in Private Placement Life Insurance ("PPLI") and Private Placement Variable Annuities ("PPVA"), offering tailored solutions designed to address the complex financial and succession planning requirements of UHNW individuals and family offices. The branch aims to provide a full suite of customized insurance structures, supported by a team with decades of collective industry experience and backed by the financial strength of parent company Alpha Growth plc.
Alpha PPLI is lead by its Chief Executive Julian Melling and Business Development Executive Richard Turnbull, both based in the Isle of Man with significant recognized experience in the high net worth life insurance industry.
"Our expansion into the Isle of Man through Alpha PPLI marks a significant milestone in Providence Life Assurance's growth strategy. This new branch enhances our ability to deliver world-class, flexible insurance solutions to discerning clients in key international markets," said Gobind Sahney, Chairman & CEO of Alpha Growth plc and Providence Life Assurance.
"After many years in this industry, I am pleased to lead the strategic expansion of Providence Life Assurance's international business. This marks a pivotal moment for UHNW life insurance, opening up an exciting future for Providence Life Assurance and the Alpha Growth group of companies, as we enhance our ability to serve the sophisticated needs of UHNW clients and family offices across key international markets." said Julian Melling, [email protected] Chief Executive of Alpha PPLI.
Providence Life Assurance is renowned for its independent, client-focused approach, delivering best-in-class service and innovative insurance products. The launch of Alpha PPLI in the Isle of Man underscores the company's commitment to supporting the wealth management objectives of UHNW clients and family offices in the UK, Europe, and Asia.
About Providence Life Assurance Company (Bermuda) Limited: Providence Life Assurance specializes in providing customized life insurance products, including PPLI and PPVA, to ultra-high net worth individuals and institutions. The company operates under the regulatory oversight of the Bermuda Monetary Authority and is part of Alpha Growth plc, a global leader in insurance-linked wealth management.
Alpha PPLI - Julian Melling [email protected] Richard Turnbull [email protected] UK Investor Relations - Mark Treharne |
About Alpha Growth plc
Specialist in Life Insurance, Esoteric and Longevity Assets
Alpha Growth plc is a financial advisory business providing specialist consultancy, advisory, and supplementary services to institutional and qualified investors globally in the multi-billion dollar market of longevity assets and insurance linked asset and wealth management. Building on its well-established network, the Alpha Growth group has a unique position in the insurance and asset services and investment business with global reach.
***END***
This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
SOURCE: Alpha Growth PLC
View the original press release on ACCESS Newswire
F.Bennett--AMWN