October 17, 2017: Bermuda: Apex Group Ltd. (“Apex”) is expanding its service capabilities in the insurance fund market to offer the most comprehensive fund administration solution available.
Apex will deliver a local full service offering from Bermuda to investment vehicles with insurance and insurance linked securities (“ILS”). Apex will be leveraging the platform it acquired through the purchase of Equinoxe Alternative Investment Services, in August this year, which will be rebranded as Apex Insurance Fund Services.
Apex’s scale (over $80bn AuA) and global presence will rival the service of smaller local insurance focused fund administration specialists by adding to its existing services to deliver the broadest solution in the market and cover the full value chain of an insurance fund; including pre-launch assistance, fund and portfolio accounting, investor services and AML, cash administration and regulatory compliance services. The offering will be headed up by Matthew Charleson who will be joining Apex from Kane LPI Solutions as Head of Insurance Fund Services, subject to immigration and regulatory approval. Charleson has a long standing career in the insurance fund market and significant executive level experience in the fund services industry also.
Having established Apex in Bermuda in 2003, Founder and CEO, Peter Hughes, has a strong understanding of the local market and plans to deliver an unrivaled local solution to clients.
Peter Hughes, Founder and CEO, Apex Fund Services, said:
“Apex has been operating in the Bermuda market since the first day of its establishment. As Apex continues to expand, we want to evolve our insurance fund administration offering to be the most comprehensive provider in the market. The recent addition of the Equinoxe team to the Apex Group also bolsters our resource and expertise in this area and we will continue to make new hires to ensure we are a market leader in this business”.
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