Global independent insurance manager Kane has established a new fund administration subsidiary in Bermuda.
Kane LPI Solutions is licensed by the Bermuda Monetary Authority under the Investment Funds Act 2006 as a fund administrator and will operate as the head office for the firm’s life, pension and investment administration activities.
Kane’s LPI Solutions team provides administration solutions to a global client base in the investment, pension and insurance sectors. Services offered include all aspects of the product life-cycle, spanning the initial design and development of the solution, through to the product build, launch and ongoing administration.
John Uprichard has been appointed as managing director of Kane LPI Solutions. He was formerly head of Business for LPI at Kane and will report directly to Kane’s Group CEO Simon Hinshelwood.
John Uprichard commented; “In the current financial environment, we see significant opportunities for further growth in the LPI arena. Using a third party administrator that combines expertise and the right technology platform can prove a much more cost effective and efficient way to get a new product to market. Setting up Kane LPI Solutions gives us the perfect means of capitalizing on these opportunities.”