Crown Global Insurance Group, LLC Strengthens Capital Base With Institutional Investor
NEW YORK - May 5, 2015 - Crown Global Insurance Group LLC (“Crown Global” or the “Company”), a world leading provider of specialty insurance solutions for high net worth and institutional clients, today announced that Syncora Alternative Investments LLC (“Syncora”) has agreed to make a minority equity investment in the Company. The transaction remains subject to customary closing conditions including regulatory approval and is expected to close in the second quarter of 2015.
Crown Global is a highly regarded provider of U.S. compliant private placement life insurance and annuities through its Delaware and Bermuda subsidiaries. The Company delivers investment enhancement strategies and products for investment managers, institutional investors and affluent individuals.
“We are excited about this investment and believe that Crown Global’s strong management team and highly innovative product offerings position it extremely well to rapidly expand its private placement insurance business,” said Susan Comparato, CEO and President of Syncora Alternative Investments LLC.
“This investment strengthens our capital base and will further enhance our ability to serve clients and accelerate our growth and long-term success. Having access to Syncora’s extensive institutional knowledge and industry relationships will also prove beneficial to the Company,” said Perry Lerner, Chairman and CEO of Crown Global.
About Crown Global
Crown Global provides efficient investment-enhancement strategies and products for institutional investors, investment managers and ultra-high net worth individuals. The Company offers custom solutions that enable managers and investors to enhance their returns from investments in alternative assets and managed accounts. Crown Global operates globally and maintains offices in North America, Switzerland and the Cayman Islands. Since its founding in 1998, Crown Global has established a solid track record of issuing U.S. and non U.S. compliant life insurance and annuity policies for institutional and ultra-high net worth clients. Learn more at http://www.crownglobalinsurance.com.
About Syncora Alternative Investments LLC
Syncora Alternative Investments LLC is an indirect wholly owned investment subsidiary of Syncora Guarantee Inc. and was established to enhance asset and liability management for longer dated liabilities and create long-term value and invest in debt and equity positions in small-to mid-market private companies within the financial services and related sectors.