Alpha International Life Assurance Company (Guernsey) Ltd (AILAC) is wholly owned by Alpha Group (Bermuda) Limited (AGBL).
Northstar was founded in 2001 and is an insurance holding company for Alpha Growth plc ("Alpha") - incorporated and registered in England and Wales under number 09734404 - Alpha is listed on the London Stock Exchange (LSE:ALGW). Alpha Growth acquired Northstar in March 2021 and currently manages ~$700m of life insurance linked longevity assets and offers a range of insurance linked wealth management products and services to institutions, ultra-high net worth individuals and family offices. Alpha Growth has two primary business divisions - these are Longevity Asset based Funds and a Life Insurance Division. Further details are available on the Company's website (https://algwplc.com/ ).
AGBL has made three acquisitions since 2019 and consolidated into two operating entities in Bermuda and Guernsey. These entities are Providence Life Assurance Company (Bermuda) Ltd. ("PLAC") and Alpha International Life Assurance Company (Guernsey) Ltd. In 2019, AGBL acquired Pramerica Life Assurance Company of Bermuda, Ltd. from Prudential Financial and renamed Providence Life Assurance Company (Bermuda) Ltd. In November 2020, PLAC acquired Delaware Life and Annuity Insurance Company, Ltd. by way of a forward merger. In November 2022, AGBL acquired Old Mutual International (Guernsey) Ltd. and renamed Alpha International Life Assurance Company (Guernsey) Ltd.
The primary business of PLAC, a Class C insurer and 953(d) US tax electing entity, is providing customized life insurance products, private placement life (PPLI) and annuities (PPVA) to ultra-high net worth individuals to serve their financial planning needs and is regulated by the Bermuda Monetary Authority. For further information on PLAC, PPLI and PPVA policies details are available on PLAC's website (https://providencelifeassurance.com ).
Alpha International Life Assurance Company (Guernsey) Ltd offers long-term life insurance linked savings accounts and portfolio bond type life policies to policyholders worldwide.
The Directors of AILAC are:
Gobind Sahney, Executive Chairman
Dan Gray, Non Executive Director
Jason Sutherland, Executive Director
Lynne Martel, Non Executive Guernsey Director
Gary Tansell, Non Executive Guernsey Director