Utmost Wealth Solutions today (23 September 2020) launched its new product for expatriates living in Portugal.
Apex (Portugal) is a new proposition for expatriates combining a life assurance policy with a range of investment options designed to suit their needs. With an increasing number of people choosing to move to Portugal and take advantage of the Non Habitual Residence regime and Golden Visa, the decision to launch a Portuguese compliant product to meet the demand from clients and advisers was essential. The product launch is an exciting development for our Group, key advisers and clients.
Speaking at the launch, Paul Thompson, Chief Executive Officer of Utmost Group said ‘I am delighted to officially launch our new Apex (Portugal) product. During the product development stage, we listened to our advisers and clients and their feedback was very important in terms of shaping our overall proposition. Apex (Portugal) includes many attractive features such as new charging structures, online access through a secure site as well as a wide range of investment options. This is the first of a number of planned product launches in Europe and represents a key milestone for our Group.’
In other recent developments, Fitch has also affirmed Utmost International’s three main operating entities, Utmost PanEurope dac, Utmost Limited and Utmost Worldwide Limited, Insurer Financial Strength (IFS) ratings at ‘A’ (Strong) with Stable Outlooks.
For more information about the new Apex (Portugal) product, please contact James Clark, Head of Expatriate Sales (Europe) in Utmost Wealth Solutions at [email protected].
About Utmost International
Utmost International is an international life assurance business which serves two key markets. It provides international life assurance to affluent, high-net-worth and ultra-high-net-worth individuals through its Utmost Wealth Solutions business, and group risk and savings solutions to multi-national corporates through its Utmost Corporate Solutions business.
Utmost International has been formed through the acquisition of insurers that were previously owned by major insurance groups. By bringing these companies together under a common strategy and rationalising to achieve significant cost synergies, Utmost International has created a financially and operationally robust insurance group that is strongly positioned to win new business.
For further information, please contact:
Anne Marie Shepherd, Head of Strategy and Corporate Affairs, Utmost Group of Companies on +44 203 861 4347 or [email protected]