Specialized, expert service built upon over 40 years of operating history in the insurance business

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-movers in developing 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.

Segregated Account Protection

In addition to Providence's use of reinsurance, the policy design of Segregated Accounts affords additional protections to the policyholder. Under the segregated account design, the investments of the policies are not commingled with the general accounts of the company, hence ensuring that the funds are always available for the policyholder.

Financial Protection Of Reinsurance

The use of reinsurance provided by some of the world's largest and best rated reinsurers means that our products have the financial security of a large company, but provided by a smaller company dedicated to this line of business. Providence only reinsures with some of the largest, best rated reinsurers. No reinsurer would be rated less than A- by AM Best.

Focus On Our Clients And Their Advisors

Our success depends on the success of our clients. We take pride in our reputation for responsiveness, accuracy and integrity. A key component of our success is working with third-party professional services groups such as law firms, investment managers and financial advisors. Providence understands the role of the insurance expert in serving client needs and does not attempt to displace other professionals in order to enhance its own fees or position with the ultimate client.

Our Partners

The policy administration of the business is provided by Kane LPI and Marsh Management Services who provides regulatory reporting and accounting support. Ernst & Young are the auditors for Providence.

Bermuda Domicile

With offices in Hamilton, Bermuda, Providence gives financial advisors the ability to select the insurance solution that best meets a client's unique objectives and preferences. Providence has made a United States 953(d) tax election and is treated as a US taxpayer thereby avoiding the imposition of a 1% US Federal Excise Tax on premiums paid by policyholders.

Experienced Management Team

Providence's senior executives have deep experience in the insurance, reinsurance and private equity industries. Most team members have worked in client-facing roles and appreciate Providence's philosophy of providing first class client service.