Northern Trust claimed today to be enjoying an unusually high rate of success in winning business from insurers.
It says new clients include ACUITY, Hawaii Medical Service Association, Medmarc Insurance Group, and USAA. These wins, and nine others, including the recently announced European wins of Alecta, Royal Liver, and Varma-Sampo, represent over $84 billion in new insurance industry assets under administration with Northern Trust. All were secured in the last six months.
Northern Trust says it now services over 160 institutional insurance clients. “Our continued success in the insurance market is a key part of Northern Trust’s long term strategic goal to build long-standing relationships with the investment management community and specifically this key client sector,” says Penny Biggs, Senior Vice President, and head of European Sales.
“Northern’s strengths are in our product and service array, and the ability of our experienced service team to exceed clients’ expectations by truly understanding the specialized needs of the insurance market,” adds David Cyganiak,