NEW YORK--(BUSINESS WIRE)--Crown Global Insurance Company of America (“CGICA” or the “Company”), a member of Crown Global Insurance Group LLC, a world leading provider of specialty insurance solutions for high-net worth and institutional clients, today announced that it has been ranked as the U.S. life insurance industry’s fastest-growing group or standalone entity in 2016, according to criteria set forth by S&P Global Market Intelligence.
CGICA is a Delaware-domiciled manufacturer of private placement variable life insurance and annuity contracts. Contributing to the company's accelerated growth is its Group Annuity Contract (“GAC”) which provides access to private placements for U.S. taxable and tax-exempt investors, treaty and non-treaty benefit non-U.S. investors, and sovereign wealth funds seeking tax efficiency for their leveraged business-related and real property investments.
“This accolade from S&P Global Market Intelligence is a testament to our unwavering dedication to providing outstanding tax-efficient solutions designed to enhance returns for affluent individuals, institutional investors and investment managers," said Perry Lerner, Chairman and CEO of Crown Global. “Our Group Annuity Contract assists institutional and foreign investors assists investors in minimizing the burdens associated with UBTI and inefficient 'blocker' strategies. The GAC solution is attractive to a wide audience, including endowments, foundations, sovereign wealth funds and similar groups seeking to invest in the United States without a high tax burden.”
Chris Calise, President of Crown Global, remarked on the Company’s successful distribution strategy, “While we have flourished in the high net worth individual market for years, a focus on institutional clients has set us on a path of rapid growth. The GAC is just one of many, unique and innovative solutions Crown Global has for the challenges faced by institutional clients.”
About Crown Global
Crown Global, through its operating subsidiaries, provides efficient investment-enhancement strategies and products for institutional investors, investment managers and ultra-high net worth individuals. The Company offers custom solutions that enable managers and investors to enhance their returns from investments in alternative assets and managed accounts. Crown Global operates globally and maintains offices in North America, Switzerland and the Cayman Islands. Since its founding in 1998, Crown Global has established a solid track record of issuing U.S. and non U.S. compliant life insurance and annuity policies for institutional and ultra-high net worth clients. Learn more at http://www.crownglobalinsurance.com.
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The information presented here is not an offer to purchase or the solicitation of an offer to purchase an investment product and under no circumstances should be construed as a prospectus or advertisement. Investors should consider the investment objectives, contract features, risks, charges and expenses of the products carefully before investing. No offer or solicitation of an offer to purchase the variable annuity or variable life insurance product can be made except pursuant to the private placement memorandum, prepared specifically for that purpose. Not all Crown Global companies do business in all jurisdictions and insurance products and services are not available in all jurisdictions. Pursuant to IRS Circular 230, we notify you as follows: The information contained in this document is not intended to and cannot be used by anyone to avoid IRS penalties. This material is intended for informational purposes only and should not be construed as legal or tax advice and is not intended to replace the advice of a qualified attorney, tax advisor or plan provider.