Utmost adds two new Dublin-based offshore bonds
Utmost Wealth Solutions has added a pair of Dublin-based offshore bonds to its range of investment solutions.
The addition follows the completion of the acquisition of the investment bond business of Axa Life Europe and the opening of a Dublin office, the Isle of Man-based company, said in a statement.
The two Dublin-based Selection and Delegation offshore bonds will sit alongside the company’s Isle of Man-based Evolution and Estate Planning Bonds.
The addition of the bonds comes via the Axa Life Europe portfolio that was acquired by Harcourt Life International which was subsequently renamed Utmost Ireland and will trade under the Utmost Wealth Solutions brand.
Utmost Wealth Solutions, which was, as reported last October, rebranded from the AXA Isle of Man brand, following its sale to Life Company Consolidation Group, is celebrating this year 25 years in the offshore market.
During this time it has attracted over £12bn of assets on behalf of over 36,000 policyholders.
“Following our successful rebrand last year, we have been concentrating on driving the business forward with a clear focus on meeting the needs of financial advisers and their clients,” said Mike Foy, chief executive, Utmost Wealth Solutions (pictured left).
Under the Utmost Wealth Solutions brand, Utmost and Utmost Ireland provide ‘offshore’ life assurance and capital redemption bonds for high-net-worth UK residents and UK expats, serviced by fully regulated intermediaries in the UK, Channel Islands, and the Isle of Man.