The Albany Gazette - Alpha Growth PLC - Providence Life Granted Isle of Man Branch License

NYSE - LSE

BCC	4.07%	77.98	$
BCE	2.7%	21.11	$
RIO	3.48%	84.56	$
GSK	4.79%	51.15	$
NGG	2.8%	85.22	$
CMSC	2.5%	20.36	$
AZN	2.71%	189.01	$
BTI	3.29%	62.97	$
JRI	2.41%	11.64	$
CMSD	2.02%	20.27	$
RBGPF	7.49%	76.2	$
RYCEF	-0.06%	16.91	$
BP	-4.34%	45.61	$
VOD	4.05%	16.28	$
RELX	4.09%	41.08	$

Alpha Growth PLC - Providence Life Granted Isle of Man Branch License

ECONOMY 20.06.2025

Alpha Growth PLC - Providence Life Granted Isle of Man Branch License

Providence Life Receives Isle of Man Branch License

Text size:

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

[email protected]

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

(R.White--TAG)

Featured

Mutual fund returns show shifting leaders across market-cap categories

Equity mutual funds are classified into different categories based on their investments across market capitalisations, primarily large-cap, mid-cap, and small-cap funds. Large-cap funds invest in well-established companies that tend to be relatively less volatile, while mid-cap funds focus on medium-sized companies.

BHEL Secures ₹28,000 Crore in Adani Power Contracts

State-owned Bharat Heavy Electricals Limited (BHEL) announced on Wednesday that it has secured four major contracts from Adani Power Limited. The orders, valued at up to ₹28,000 crore, involve the supply of critical power generation equipment and associated services for new thermal plants across India.

BHEL wins Adani Power projects valued at up to ₹28,000 crore

New Delhi, Nov 4 (PTI) State-owned BHEL on Wednesday said the company has received four projects, worth ranging between Rs 20,000 crore and Rs 28,000 crore, from Adani Power. The fresh orders involve supply of equipment (boiler, turbine and generator along with auxiliaries) and agreed services for the said projects, BHEL said in an exchange filing.

IndiGo holds talks with Embraer over potential order for 100 aircraft

By Abhijith Ganapavaram and Aditi Shah NEW DELHI, Nov 4 (Reuters) - India's largest airline IndiGo is in early-stage talks to ‌buy 100 regional jets from Embraer, with options for about ⁠50 more, three people with direct knowledge of the matter said, in what could ‌be one largest commercial aircraft orders placed with the Brazilian planemaker. IndiGo ‌and Embraer did not immediately respond ‌to ⁠requests for comments.