FORT WASHINGTON, Pa., Dec. 8 /PRNewswire-Asia/ -- Coventry announced today that it has expanded its global platform in the longevity and mortality market with the opening of its London office.
"The opening of our London office is a significant step in Coventry’s international expansion strategy. As the market leader in the traded US life and annuity markets, Coventry offers unprecedented opportunities in this emerging sector and seeks to further serve increased institutional demand for investments with low correlation and low volatility," said Reid Buerger, Executive Vice President of Coventry. "The scope of our platform is unparalleled, which allows us to offer a broad range of solutions to investors and counterparties for acquiring or hedging longevity and mortality risk."
Drawing on Coventry’s expertise in the origination, financing, structuring, and servicing of life insurance, life settlements, annuities, and life and policy linked indices, the company offers counterparties a suite of solutions. The solutions range from warehousing and liquidity facilities to note and swap structures, as well as other services designed to achieve counterparties’ specific needs.
"Coventry’s strength lies in our unique culture of discipline and high level of service, combined with our track record and conservative approach," said Reid Buerger. "This has enabled us to continue to grow in a tough financial environment."
About Coventry
Coventry is the leading company in the US longevity and mortality market offering a wide range of investor and fund services to a diversified client base that includes pensions, endowments, insurers and funds. For over 25 years, Coventry has been redefining insurance and has been a key driver behind the convergence of the insurance and capital markets. The firm is headquartered in Pennsylvania and operates throughout major financial centers worldwide.
Disclaimer:
This press release is intended only for financial institutions and investment professionals. Individual investors should not act or rely upon the information in this press release.