Hansard Global plc Hansard Group launches new insurance company (3354O)
May 17 2018 - 2:00AM
UK Regulatory
TIDMHSD
RNS Number : 3354O
Hansard Global plc
17 May 2018
17 May 2018
Hansard Group launches new insurance company to support further
growth
Hansard Global plc, the London Stock Exchange listed parent
company of the Hansard Group, today announced that it has
established a new insurance company in The Bahamas, Hansard
Worldwide Limited (HWL).
HWL was granted an external insurance licence by the Insurance
Commission of The Bahamas (ICB) on 16/05/2018 and is expected to
commence trading in the latter part of 2018. It will operate as
part of the Hansard Group, alongside the Isle of Man based insurer,
Hansard International Limited. HWL will provide portable
investment-linked insurance products to mobile,
internationally-minded clients who wish to manage their long-term
finances with a global perspective.
Establishing a licensed presence in The Bahamas, in addition to
its existing licensed presence in the Isle of Man which will remain
its headquarters, provides the Hansard Group with an important
regional presence. This will support physical access to key markets
such as Latin America and the ability to better serve its clients
and their financial advisors across those time zones. The quality
of infrastructure and availability of established, experienced
support services which The Bahamas can provide are consistent with
Hansard's long-term plans. HWL is an important milestone in the
history of the Hansard Group as it takes steps to ensure that it is
correctly positioned for future developments and change, in light
of longer-term industry and technological evolution.
Gordon Marr, CEO of Hansard Global plc, explains "The
establishment of Hansard Worldwide Limited represents a new chapter
to the 30 year-strong development of the Hansard story and our
commitment to clients in all parts of the world. To ensure we
continue to support our mobile, internationally orientated clients,
HWL will be working with high quality international, regulated
independent financial advisors. The granting of its licence is the
first step in the establishment of the HWL business. We look
forward to providing further information as we progress."
Notes to editors
-- Hansard Global plc is the holding company of the Hansard
Group of companies. The Company was listed on the London Stock
Exchange in December 2006. The Group is a specialist long-term
savings provider, based in the Isle of Man.
-- The Hansard Group administers assets in excess of $1.4bn for
approximately 40,000 clients across the globe.
-- Together with Hansard International Limited and Hansard
Europe dac, the launch of HWL takes the number of insurance
companies within the Group to three.
Points of contact:
Ben Woodford/Geoffrey Pelham-Lane/Kimberley Taylor
Camarco
020 3781 8333
Gordon Marr
Hansard
01624 688 000
Graham Morrall
Hansard
+971 55 6869743
This information is provided by RNS
The company news service from the London Stock Exchange
END
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