Kane LPI, an arm of global specialist insurance management services Kane, is to provide end-to-end administration services for the South African group Sanlam’s exciting new offshore bond offering in the UK.
Kane’s involvement includes full product support via its product administration system; new business services; document management and reporting services; as well as compliance services.
In addition, the Sanlam Global Investment Plan is issued by Sanlam Guernsey, a cell of Kane PCC Limited.
Sanlam announced on May 28 that it was to launch an offshore bond into the UK for the first time, with an interesting option to protect against downside risk in falling markets.
John Uprichard, head of life, pension and investment at Kane, said: “Not only do we provide the complete range of administration services, but we are also able to supply the insurance company which underpins the product via Kane PCC.”
Cobus Kruger, managing director at Sanlam Global Investment Solutions said Kane has been a partner of Sanlam’s Bermuda operations since 2010.
Kane LPI team has an existing client-base in Latin America, the Middle East, Africa, the Caribbean and the Far East, and states it will be launching new products in Europe and the Middle East as the year progresses.
