Hudson Structured Capital Management Ltd., (HSCM), alongside technology-enabled financial services platform, Kuvare Holdings, has backed the launch of Gracie Point Holdings’ new life insurance financing company, GP Affluent Markets.
As an independent entity, GP Affluent Markets will reportedly provide leveraged life insurance payment solutions for high-net-worth individuals, financial advisors, and institutions worldwide.
With offices in New York, Hong Kong, and Toronto, the company aims to enhance liquidity, optimise policy value, and offer alternative payment structures for large life insurance premiums.
It has also been confirmed, that Dean J. De Marco, an industry veteran with expertise in property and casualty (P&C) and life insurance financing, has been appointed Chief Executive Officer (CEO) of GP Affluent Markets.
As mentioned, GP Affluent Markets is backed by investments from Hudson Structured Capital Management Ltd. (HSCM), the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, and Kuvare, two key firms that specialise in institutional and consumer financial products and solutions.
This strategic investment from both organisations, clearly underscores the growing demand for independent, client-focused life insurance financing.
“The launch of GP Affluent Markets represents a significant step in expanding access to independent and specialized life insurance financing,” commented Marco.
Adding: “Our Global footprint enables us to cultivate a well-diversified loan portfolio. While the North American markets have recently deviated toward more aggressive concepts, we are committed to delivering more substantive, sound and suitable loan designs.”
“At Gracie Point, we are constantly seeking ways to expand financing options for our clients. The launch of GP Affluent Markets will focus solely on creating state-of-the-art financing options required by the high-net-worth consumers,” said Harish Raghavan, CEO of Gracie Point Holdings.
Meanwhile, HSCM recently supported Gracie Point’s fifth capital raise back in February.
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