REG - Alpha Growth PLC - Alpha International Life Receives KBRA Rating

Alpha GrowthAnnouncement

13/12/2023 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231213:nRSM5560Wa&default-theme=true

RNS Number : 5560W  Alpha Growth PLC  13 December 2023

 

 

Alpha Growth plc

("Alpha" or the "Company")

KBRA investment grade strength rating for Alpha International Life Assurance
Company (Guernsey) Ltd

Alpha Growth plc (LSE: ALGW and OTCQB: ALPGF), a leading financial services
specialist in the growing longevity asset class and insurance linked asset
management, is pleased to announce that Kroll Bond Rating Agency, LLC (KBRA)
has assigned a BBB- Insurance Financial Strength Rating (IFSR) to Alpha
International Life Assurance Ltd. (AILAC) with a Stable outlook rating.

The strength rating is considered investment grade and positions AILAC for new
unit linked life insurance product launches in 2024.

AILAC is a general account life insurance company licensed by the Guernsey
Financial Services Commission and is a wholly owned subsidiary of Alpha Group
(Bermuda) Limited, an insurance holding company for Alpha. AILAC offers
long-term life insurance linked savings accounts and portfolio bond type life
policies to policyholders.

Gobind Sahney, Chairman and CEO of Alpha commented: "We have been working with
KBRA for the past year and are pleased to have received this initial rating.
We will continue to execute our business plan and look to improve as we
progress."

For more information, please visit www.algwplc.com or contact the following:

 

 Alpha Growth plc                                   +44 (0) 20 3959 8600
 Gobind Sahney, Executive Chairman                  info@algwplc.com (mailto:info@algwplc.com)
                                                    +44 (0) 20 3328 5656

 Allenby Capital Limited
 Amrit Nahal (Sales and Corporate Broking)
 Nick Athanas / Piers Shimwell (Corporate Finance)
                                                    ir@algwplc.com (mailto:ir@algwplc.com)

 UK Investor Relations - Mark Treharne

 

 

About Alpha Growth plc

 

Specialist in Longevity Assets

 

Alpha Growth plc is a financial advisory business providing specialist
consultancy, advisory, and supplementary services to institutional and
qualified investors globally in the multi-billion dollar market of longevity
assets. Building on its well-established network, the Alpha Growth group has a
unique position in the longevity asset services and investment business, as a
listed entity with global reach. The group's strategy is to expand its
advisory and business services via acquisitions and joint ventures in the UK
and the US to attain commercial scale and provide holistic solutions to
alternative institutional investors who are in need of specialised skills and
unique access to deploy their financial resource in longevity assets.

 

Longevity Assets and Non-correlation

 

As a longevity asset, it is non-correlated to the real estate, equity capital
and commodity markets.  Its value is a function of time because as time
passes the value gets closer to the face value of the policy. Hence creating a
steady increase in the net asset value of the investment. This makes it highly
attractive to investors wishing to counteract volatility within an investment
portfolio and add yield.

 

Note: The Company only advises on and manages Longevity Assets that originate
in the USA where the structured and life settlement market is highly
regulated.

 

***END***

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCUUSWROWUUAAA