CROWN GLOBAL INSURANCE COMPANY OF AMERICA RANKED AS FASTEST GROWING LIFE INSURER BY S&P GLOBAL MARKET INTELLIGENCE

Crown Global Insurance Company of America (“CGICA” or the “Company”), a member of Crown Global Insurance Group LLC, a world leading provider of specialty insurance solutions for high-net worth and institutional clients, during a ceremony held in London on May 17, it was announced that it has been ranked as the U.S. life insurance industry’s fastest-growing group or standalone entity in 2016, according to criteria set forth by S&P Global Market Intelligence.

CGICA is a Delaware-domiciled manufacturer of private placement variable life insurance and annuity contracts. Contributing to the company’s accelerated growth is its Group Annuity Contract (“GAC”) which provides access to private placements for U.S. taxable and tax-exempt investors, treaty and non-treaty benefit non-U.S. investors, and sovereign wealth funds seeking tax efficiency for their leveraged business-related and real property investments.

“This accolade from S&P Global Market Intelligence is a testament to our unwavering dedication to providing outstanding tax-efficient solutions designed to enhance returns for affluent individuals, institutional investors and investment managers, said Perry Lerner, Chairman and CEO of Crown Global. “Our Group Annuity Contract assists institutional and foreign investors assists investors in minimizing the burdens associated with UBTI and inefficient “blocker” strategies. The GAC solution is attractive to a wide audience, including endowments, foundations, sovereign wealth funds and similar groups seeking to invest in the United States without a high tax burden.”

Chris Calise, President of Crown Global, remarked on the Company’s successful distribution strategy, “While we have flourished in the high net worth individual market for years, a focus on institutional clients has set us on a path of rapid growth. The GAC is just one of many, unique and innovative solutions Crown Global has for the challenges faced by institutional clients.”

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