New Director23 Mar 2021 21:46
The aquisition RNS states:
"Ninety-five percent (95%) of the insurance holding company is being acquired by a wholly owned subsidiary of Alpha Growth, with the remaining 5% being retained by the existing Chairman and seller of the company. The seller and Chairman of the insurance company will remain on the Board of Directors of the holding company and will be joined by Gobind Sahney and Jason Sutherland."
I'm guessing this is Daniel L. Gray. His pen profile is eye stopping and may hint at where Alpha Growth is heading (see below).
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https://www.providencelifeassurance.com/leadership-team.html
Daniel L. Gray, Chairman & CEO
Mr. Gray is the Chairman and CEO Providence, Northstar Companies, Inc. (“NCos”) and its wholly owned Bermuda subsidiary, Northstar Group (Bermuda) Ltd. He has over forty-three years of experience in the life insurance industry and has held senior roles in a variety of operations, strategy, sales, advisory and M&A. Mr. Gray formed Northstar Companies in 2000 to advise ultra-high net worth international families and assist them with their inter-generational wealth planning needs.
Prior to founding Northstar, Mr. Gray spent twenty-two years at AXA, Equitable serving in a number of senior roles and assisting with the historic demutualization and IPO of the company. During this period, he served as President of Midwestern Operations with over 1000 agents and approximately $20 billion of AuM, most of which consisting of variable life and annuity products.
More recently, he has served as a senior or strategic advisor to numerous investors in the life and annuity businesses having completed transactions in Sweden, Italy, Ireland, Bermuda, Thailand, Indonesia, Kenya, Ghana, India and the U.S. He has particular expertise with private placement variable universal life contracts as well as other variable products having advised several insurers and ultra-high net worth families in this market.