Sanlam Guernsey Cell established
Kane LPI, the life, pension and investment administration division of insurance service provider Kane, has today announced its participation in the launch of a new offshore bond, Sanlam Global Investment Plan.
The bond offers UK-based investors multi-currency reporting and competitive pricing as well as bespoke online and website support. Kane LPI provides end-to-end administration services for the investment plan, including: full product support via its product administration system; new business services; document management and reporting services; as well as compliance services.
In addition, the Sanlam Global Investment Plan is issued by Sanlam Guernsey, a cell of Kane PCC Limited. In April, Kane received regulatory approval from the Guernsey Financial Services Commission to write all classes of business in Kane PCC Limited.
Commenting on the announcement, John Uprichard, Head of Life, Pension and Investment at Kane, said: “The launch of this bond is a perfect example of the full service third-party administration solution which Kane offers. Not only do we provide the complete range of administration services, but we are also able to supply the insurance company which underpins the product via Kane PCC. In our view, flexibility in service offering is key to being a service provider. Via the use of our TPA offering and insurance company structure, we take this flexibility to a new level.”
Cobus Kruger, Managing Director at Sanlam Global Investment Solutions, said: “We are delighted to expand our partnership with Kane on the insurance management, and life and pensions administration side with the launch of our Guernsey-domiciled product. Kane has been a partner of Sanlam’s Bermuda operations since 2010 and this further commitment illustrates our satisfaction with their service.”
Kane’s market-leading LPI team offers a totally flexible service to an existing client-base in Latin America, the Middle East, Africa, the Caribbean and the Far East, and will be launching new products in Europe and the Middle East as the year progresses.