A life insurance company of distinction
Providence Life Assurance Company (Bermuda) Ltd. (“Providence”) specializes in providing
customized life insurance products to ultra-high net worth individuals to serve their financial planning
needs. Headquartered in Bermuda, Providence focuses on two primary lines of business: private placement
variable life insurance policies (“PPVLI”) and private placement variable annuities
We tailor our products and services to meet client needs
We offer a full range of private placement life insurance and annuity structures. As an independent company exclusively serving the needs of its
clients, Providence offers flexible customized products in conjunction with best-in-class complementary service providers. Backed by the
financial strength of our parent company, Northstar Group (Bermuda) Limited, our team is dedicated to one outcome: the success of our clients.
There is no substitute for experience combined with innovation
Providence’s leadership team has many decades of collective experience in the life insurance business. Our founder, Daniel L. Gray, was
one of the first insurance executives to develop the PPVLI business in Bermuda in 1998. The experience and industry knowledge of our employees,
along with our specialist focus, enable us to compete against much larger companies.
Pramerica of Bermuda Life Assurance Company Limited (“Pramerica”), a wholly owned subsidiary of Prudential Financial, Inc., was
incorporated in 2008 as a long-term insurer under the Bermuda Insurance Act 1978 and related regulations. Pramerica stopped writing new business
in March 2017. In May 2019, Pramerica was sold to Northstar Group (Bermuda) Limited and renamed Providence Life Assurance Company (Bermuda) Ltd.
Providence’s leadership team has unparalleled experience in the life insurance business
Our leadership team has extensive experience in the insurance industry and has demonstrated management and investment success over many economic and insurance cycles.
Financial Condition Report
Latest Financial Condition Report