Latest news with #AlphaGrowthplc
Miami Herald
2 days ago
- Business
- Miami Herald
Alpha Growth PLC - Providence Life Granted Isle of Man Branch License
Providence Life Receives Isle of Man Branch License LONDON, UK / ACCESS Newswire / June 20, 2025 / Alpha Growth plc, ( a leading global financial services specialist in the multi-billion dollar market of longevity assets and insurance linked asset and wealth management is pleased to announce that one of its group companies, Providence Life Assurance Company (Bermuda) Limited ("Providence Life Assurance"), a leading provider of bespoke life insurance solutions for ultra-high net worth ("UHNW") individuals and family offices, has been granted a branch license in the Isle of Man. The new branch, operating under the name Alpha PPLI will cater to the sophisticated wealth planning needs of clients across the UK, Europe, Middle East and Asia. The Isle of Man Financial Services Authority issued the permit to Providence Life Assurance on May 23, 2025, under section 22 of the Insurance Act 2008, authorizing the company to conduct both Class 1 and Class 2 insurance business with immediate effect. Alpha PPLI builds upon Providence Life Assurance's established expertise in Private Placement Life Insurance ("PPLI") and Private Placement Variable Annuities ("PPVA"), offering tailored solutions designed to address the complex financial and succession planning requirements of UHNW individuals and family offices. The branch aims to provide a full suite of customized insurance structures, supported by a team with decades of collective industry experience and backed by the financial strength of parent company Alpha Growth plc. Alpha PPLI is lead by its Chief Executive Julian Melling and Business Development Executive Richard Turnbull, both based in the Isle of Man with significant recognized experience in the high net worth life insurance industry. "Our expansion into the Isle of Man through Alpha PPLI marks a significant milestone in Providence Life Assurance's growth strategy. This new branch enhances our ability to deliver world-class, flexible insurance solutions to discerning clients in key international markets," said Gobind Sahney, Chairman & CEO of Alpha Growth plc and Providence Life Assurance. "After many years in this industry, I am pleased to lead the strategic expansion of Providence Life Assurance's international business. This marks a pivotal moment for UHNW life insurance, opening up an exciting future for Providence Life Assurance and the Alpha Growth group of companies, as we enhance our ability to serve the sophisticated needs of UHNW clients and family offices across key international markets." said Julian Melling, jm@ Chief Executive of Alpha PPLI. Providence Life Assurance is renowned for its independent, client-focused approach, delivering best-in-class service and innovative insurance products. The launch of Alpha PPLI in the Isle of Man underscores the company's commitment to supporting the wealth management objectives of UHNW clients and family offices in the UK, Europe, and Asia. About Providence Life Assurance Company (Bermuda) Limited: Providence Life Assurance specializes in providing customized life insurance products, including PPLI and PPVA, to ultra-high net worth individuals and institutions. The company operates under the regulatory oversight of the Bermuda Monetary Authority and is part of Alpha Growth plc, a global leader in insurance-linked wealth management. About Alpha Growth plc Specialist in Life Insurance, Esoteric and Longevity Assets Alpha Growth plc is a financial advisory business providing specialist consultancy, advisory, and supplementary services to institutional and qualified investors globally in the multi-billion dollar market of longevity assets and insurance linked asset and wealth management. Building on its well-established network, the Alpha Growth group has a unique position in the insurance and asset services and investment business with global reach. ***END*** This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@ or visit SOURCE: Alpha Growth PLC
Indianapolis Star
2 days ago
- Business
- Indianapolis Star
Alpha Growth PLC – Providence Life Granted Isle of Man Branch License
Providence Life Receives Isle of Man Branch License LONDON, UK / ACCESS Newswire Alpha Growth plc, ( a leading global financial services specialist in the multi-billion dollar market of longevity assets and insurance linked asset and wealth management is pleased to announce that one of its group companies, Providence Life Assurance Company (Bermuda) Limited ('Providence Life Assurance'), a leading provider of bespoke life insurance solutions for ultra-high net worth ('UHNW') individuals and family offices, has been granted a branch license in the Isle of Man. The new branch, operating under the name Alpha PPLI will cater to the sophisticated wealth planning needs of clients across the UK, Europe, Middle East and Asia. The Isle of Man Financial Services Authority issued the permit to Providence Life Assurance on May 23, 2025, under section 22 of the Insurance Act 2008, authorizing the company to conduct both Class 1 and Class 2 insurance business with immediate effect. Alpha PPLI builds upon Providence Life Assurance's established expertise in Private Placement Life Insurance ('PPLI') and Private Placement Variable Annuities ('PPVA'), offering tailored solutions designed to address the complex financial and succession planning requirements of UHNW individuals and family offices. The branch aims to provide a full suite of customized insurance structures, supported by a team with decades of collective industry experience and backed by the financial strength of parent company Alpha Growth plc. Alpha PPLI is lead by its Chief Executive Julian Melling and Business Development Executive Richard Turnbull, both based in the Isle of Man with significant recognized experience in the high net worth life insurance industry. 'Our expansion into the Isle of Man through Alpha PPLI marks a significant milestone in Providence Life Assurance's growth strategy. This new branch enhances our ability to deliver world-class, flexible insurance solutions to discerning clients in key international markets,' said Gobind Sahney, Chairman & CEO of Alpha Growth plc and Providence Life Assurance. 'After many years in this industry, I am pleased to lead the strategic expansion of Providence Life Assurance's international business. This marks a pivotal moment for UHNW life insurance, opening up an exciting future for Providence Life Assurance and the Alpha Growth group of companies, as we enhance our ability to serve the sophisticated needs of UHNW clients and family offices across key international markets.' said Julian Melling, jm@ Chief Executive of Alpha PPLI. Providence Life Assurance is renowned for its independent, client-focused approach, delivering best-in-class service and innovative insurance products. The launch of Alpha PPLI in the Isle of Man underscores the company's commitment to supporting the wealth management objectives of UHNW clients and family offices in the UK, Europe, and Asia. About Providence Life Assurance Company (Bermuda) Limited: Providence Life Assurance specializes in providing customized life insurance products, including PPLI and PPVA, to ultra-high net worth individuals and institutions. The company operates under the regulatory oversight of the Bermuda Monetary Authority and is part of Alpha Growth plc, a global leader in insurance-linked wealth management. About Alpha Growth plc Specialist in Life Insurance, Esoteric and Longevity Assets Alpha Growth plc is a financial advisory business providing specialist consultancy, advisory, and supplementary services to institutional and qualified investors globally in the multi-billion dollar market of longevity assets and insurance linked asset and wealth management. Building on its well-established network, the Alpha Growth group has a unique position in the insurance and asset services and investment business with global reach. ***END*** This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@ or visit
Yahoo
20-02-2025
- Business
- Yahoo
February 2025 UK Penny Stocks To Watch
The UK market has recently faced challenges, with the FTSE 100 and FTSE 250 indices closing lower due to weak trade data from China, highlighting global economic uncertainties. Despite these broader market fluctuations, penny stocks continue to intrigue investors as potential opportunities for growth. Although the term "penny stocks" may seem outdated, it still signifies smaller or less-established companies that could offer significant value when backed by strong financials and a clear growth trajectory. Name Share Price Market Cap Financial Health Rating Begbies Traynor Group (AIM:BEG) £0.942 £150.13M ★★★★★★ Polar Capital Holdings (AIM:POLR) £4.875 £469.93M ★★★★★★ Warpaint London (AIM:W7L) £4.05 £327.19M ★★★★★★ Foresight Group Holdings (LSE:FSG) £3.95 £448.86M ★★★★★★ Next 15 Group (AIM:NFG) £3.07 £305.33M ★★★★☆☆ ME Group International (LSE:MEGP) £2.22 £836.53M ★★★★★★ Helios Underwriting (AIM:HUW) £2.25 £160.52M ★★★★★☆ Secure Trust Bank (LSE:STB) £4.28 £81.63M ★★★★☆☆ Van Elle Holdings (AIM:VANL) £0.38 £41.12M ★★★★★★ Ultimate Products (LSE:ULTP) £0.862 £73.17M ★★★★★★ Click here to see the full list of 441 stocks from our UK Penny Stocks screener. Let's review some notable picks from our screened stocks. Simply Wall St Financial Health Rating: ★★★★★★ Overview: ECO Animal Health Group plc, with a market cap of £40.32 million, develops, registers, and markets pharmaceutical products for animals globally. Operations: The company generates revenue primarily from its Pharmaceuticals segment, which accounts for £84.60 million. Market Cap: £40.32M ECO Animal Health Group, with a market cap of £40.32 million, has recently become profitable, though its earnings have been impacted by large one-off items. The company is debt-free and its short-term assets significantly exceed both short and long-term liabilities. Despite trading at 83.8% below estimated fair value, the company's earnings declined over the past five years but are forecasted to grow annually by 39.23%. Recent leadership changes include Dr Joachim Hasenmaier's appointment as Chairman from March 2025, bringing extensive industry experience which could influence future strategic direction positively. Click to explore a detailed breakdown of our findings in ECO Animal Health Group's financial health report. Learn about ECO Animal Health Group's future growth trajectory here. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Alpha Growth plc offers advisory and analytical services for senior life settlement assets in North America, with a market capitalization of £7.84 million. Operations: The company's revenue is derived entirely from its provision of advice and consultancy services, amounting to £5.52 million. Market Cap: £7.84M Alpha Growth plc, with a market cap of £7.84 million, focuses on advisory services for senior life settlement assets in North America. Despite being unprofitable, the company has reduced losses over the past five years by 21.9% annually and maintains a strong cash position with short-term assets of £470.1 million exceeding liabilities significantly. Recent changes include adding Lynne Martel as an Independent Non-executive Director to enhance governance and expertise as the company plans its next growth phase. However, its high volatility and increased debt-to-equity ratio from 0% to 188.2% over five years are potential concerns for investors. Take a closer look at Alpha Growth's potential here in our financial health report. Explore historical data to track Alpha Growth's performance over time in our past results report. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: PensionBee Group plc is a direct-to-consumer financial technology company offering online pension services in the United Kingdom and the United States, with a market cap of £379.25 million. Operations: The company's revenue is derived entirely from its Internet Information Providers segment, amounting to £28.32 million. Market Cap: £379.25M PensionBee Group plc, with a market cap of £379.25 million, is expanding its reach in the U.S. following a successful U.K. presence. The company recently launched an app to simplify pension management and partnered with State Street Global Advisors for investment portfolios. Despite being unprofitable and having negative return on equity, PensionBee is debt-free with sufficient cash runway for over three years. Analysts forecast significant earnings growth at 53.32% annually, although past losses have only reduced by 8.8% per year over five years. Recent share issuance raised $25 million to support further expansion efforts in the U.S., attracting 10,000 new customers since launch in 2024. Unlock comprehensive insights into our analysis of PensionBee Group stock in this financial health report. Evaluate PensionBee Group's prospects by accessing our earnings growth report. Embark on your investment journey to our 441 UK Penny Stocks selection here. Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Jump on the AI train with fast growing tech companies forging a new era of innovation. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AIM:EAH LSE:ALGW and LSE:PBEE. Have feedback on this article? 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