1 July 2016News

Beechwood Bermuda renames Old Mutual (Bermuda)

Beechwood Bermuda, a reinsurance and wealth management company, has rebranded one of its subsidiaries, Old Mutual (Bermuda), as Beechwood OMNIA.

The company said that the rebranding was a part of its commitment to providing international investors with access to guaranteed investment plans.

As a result Beechwood OMNIA has been integrated into Beechwood’s existing platform, and includes clients from approximately forty distribution partners throughout Asia, Latin America and the Middle East.

According to Beechwood, the completed integration provides Beechwood with the scale necessary to continue to meet demand from new and existing clients for innovative investment plans.

Beechwood OMNIA, which has been closed to new investors since 2009, now offers its existing clients of the business access to enhanced features and fixed accounts with higher rate options than what is currently offered.

“We are committed to providing international investors with guaranteed investment plans, and there is a clear opportunity in this market, which contracted during the financial crisis but now is experiencing strong growth in client demand,” said David Lessing, executive vice president of products and services at Beechwood.

“Our purchase and integration of Beechwood OMNIA uniquely positions us to meet this client demand by sending a clear message to our clients that we are in this market for the long-term.”