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    • Crestline enters insurance market through “strategic” acquisition

    August 22, 2022 by Kassandra Jimenez-Sanchez

    Crestline, a credit focused institutional asset manager, has announced the acquisition of a life insurance company established in 1978 and licensed in multiple states, which will now operate as CL Life and Annuity Insurance Company (CL Life).

    Through this “strategic” acquisition, Crestline enters the direct annuity insurance market.

    CL Life will provide insurance products to independent agents through tax-deferred fixed annuities, which offer lifetime income options and penalty-free withdrawals.

    Click HERE to read the full story via ThinkAdvisor

    Originally Posted at Reinsurance News on August 15, 2022 by Kassandra Jimenez-Sanchez.

    Categories: Industry Articles
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