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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
November 16, 2006 at 06:59 PM
A Bermuda insurer may buy an insurance affiliate from a company that sets up funds of hedge funds.
Bermuda Life Insurance Company Ltd., a unit of Argus Group Holdings Ltd., Hamilton, Bermuda, has agreed in principle to acquire Tremont International Insurance Ltd. from Tremont Group Holdings Inc., Rye, N.Y., according to Tremont Group.
The price and other terms of the deal were not available, but the parties hope to complete it by the end of the month, Tremont says.
Tremont, a company formed in 1984, set up the international insurance unit in 1996. The insurance unit sells variable annuities and variable life policies that invest a high percentage of holders’ assets in hedge funds.
Argus is an active player in the Bermuda property-casualty insurance, health insurance and pension markets and in the international life insurance market.
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