RL360 STRENGTH IN SAFE HANDS IF YOU CHOOSE TO INVEST YOUR MONEY WITH RL360, YOU CAN BE CONFIDENT THAT YOU’VE MADE THE RIGHT CHOICE. WE ARE A FINANCIALLY ROBUST COMPANY WITH A UNIQUE STRUCTURE AND STRONG FINANCIAL BACKING. WE ARE PART OF IFGL WHICH HAS $21 BILLION ASSETS UNDER MANAGEMENT, FOR MORE THAN 230,000 CUSTOMERS AROUND THE WORLD. UNRIVALLED LOCATION The Isle of Man has also been “ THE ISLE OF MAN IS awarded an Aa3 sovereign CHARACTERISED BY A Our customers take great rating by Moody’s, and won STRONG INSTITUTIONAL reassurance from our Isle of Man the prestigious International FRAMEWORK AND HAS location – a well-established Finance Centre award at the 2020 ESTABLISHED A PROACTIVE global financial centre with International Adviser Product FINANCIAL SERVICES an outstanding reputation for and Service Awards for the third REGULATORY POLICY.” investor protection and a host of time in 4 years. international accolades. Moody’s Employing 9,000 people in the As well as being awarded financial services industry, the “white list” status, the OECD island is also recognised by the recently gave the Isle of Man the IMF as a well-regulated, offshore highest compliance rating for finance centre of excellence. its international exchange of tax information, a level only achieved by 38 jurisdictions globally. GLOBAL REACH While based on the Isle of Man, RL360 is a truly global business. We have offices in Hong Kong, Malaysia, Lebanon, Uruguay and 170 Dubai, and operate in the Far East, Africa, the Middle East, Emerging COUNTRIES Europe, Latin America and the UK. WORLDWIDE Our international customers span the world, residing in 170 different countries. BACKGROUND Independent actuaries AKG awarded RL360 a B+ rating in In 2008, two well-established November 2020, the joint highest Isle of Man-based offshore achieved by an international life life companies – Scottish Life office, describing RL360 as “a International Insurance Company financially strong, standalone Limited (est. 1996) and Scottish operation with very strong Provident International Life operational characteristics”. Assurance Limited (est. 1991) – came together to form Royal SUPPORTIVE STRUCTURE London 360°, and became the international arm of the Royal At RL360 we provide the best London Group. of both worlds. We are a young, dynamic company but offer NEW CHAPTER the reassurance and security of being part of International Five years on, the business evolved Financial Group Limited (IFGL), once more into RL360, as we with 230,000 policies, over became the first international US$21 billion of assets under life company to undertake a administration and 700 staff. management-led buyout (MBO). The move was supported by Other companies in the independent private equity firm group include: Vitruvian Partners, and further strengthened by global insurance RL360° Services Policies group MunichRe and our former On 1 December 2015, IFGL 230,000 parent company Royal London acquired CMI Insurance Company Assets under Group, who provided an element Limited (CMI) from Lloyds Banking $21bn management of long-term financing. Group. CMI was rebranded RL360° Members Services and currently operates as 700 of staff STRENGTH AND STABILITY a closed book of business. This renewed financial strength Ardan International Friends Provident International and strategic stability gave us the In December 2016, IFGL acquired In July 2020, IFGL acquired resources and drive to build RL360 multiple award-winning Ardan Friends Provident International in line with our specific business International. As the first from Aviva. FPIL provides savings, objectives. The full RL360 senior multi-currency, independent investment and protection to management team is deeply wealth platform designed customers in Asia and the UAE. committed to future growth. exclusively for international With offices in Dubai, Hong Kong, They are based on the Isle of Man, Advisers, Ardan provides a Singapore and the Isle of Man, ensuring key decisions are reached secure online wealth platform they have staff worldwide, who are quickly and effectively. for Advisers and their clients to committed to helping customers manage their investments in one achieve their financial goals. place. Ardan won Best Platform at the International Investment awards in 2017, 2018 and 2020. 2 STRONG FINANCIAL PARTNERS Vitruvian Vitruvian Partners is an independent private equity firm which specialises in middle-market buyouts and growth capital investments. Vitruvian focuses on investing in companies creating sustainable high growth or strategic value through change or “dynamic situations”. Vitruvian is currently investing the Vitruvian Investment Partnership III fund which closed in July 2020 at EUR4 billion. Vitruvian has offices in London, Munich, Stockholm, Luxembourg, San Francisco and Shanghai. Munich Re Munich Re operates in all lines of insurance and is one of the world’s leading reinsurers, delivering exceptional solution-based expertise, consistent risk OUR BASE ON THE management and financial ISLE OF MAN GIVES stability. With almost 40,000 OUR POLICYHOLDERS employees worldwide, the group EXCEPTIONAL achieved a profit of €2.7bn in 2019. INVESTOR PROTECTION We are audited by PwC, the Segregation of assets: In Compensation reassurance: world’s second largest professional 2008, the Isle of Man passed a The Isle of Man operates a services network and one of the new Insurance Act with strict policyholder protection scheme Big Four accounting firms. requirements for insurance with a Policyholders’ Compensation companies based on the island. All Fund. If a life insurance company Our custodians are Citi, one of the insurance companies are required is unable to meet its liabilities, the largest institutional custodians to ring-fence 100% of policyholder policyholder will be compensated in the world, with $22.8 trillion in assets, ensuring these can never 90% of the insurer’s liability in assets under custody. be called upon except to meet relation to their policy subject to the the claims and liabilities of terms of the scheme – regardless of INVESTOR PROTECTION policyholders. where they reside. Our base on the Isle of Man gives So whatever the future holds, our The compensation scheme our policyholders exceptional liabilities to our policyholders will is funded by a levy on all life investor protection, with a range always take priority, and client insurance companies operating on of statutory measures designed to assets could never be made the Isle of Man. first prevent problems occurring, available to liquidators. and then to safeguard investments The island also provides an in the unlikely event that we are We are also required to provide Ombudsman Scheme, which unable to meet our liabilities. regular solvency calculations to is a free, independent dispute our regulators to demonstrate our resolution service for customers Solvency: Under the Isle of Man financial stability. who have been unable to resolve Insurance Regulations 2018 life a complaint with their financial insurers are required to maintain services provider directly. a minimum solvency margin that means they have sufficient capital to ensure liabilities to policyholders can be met. 3 WORLD LEADER Accessibility Situated in the Irish Sea, the With a well-established and Isle of Man is equidistant successful life and pensions between England, Scotland, 50 yrs business, the Isle of Man is now Wales and Ireland, and enjoys the top choice for offshore life excellent transport links insurance, for a number of reasons. to the UK and Ireland. We are supported by a stable Political and economic stability Sophisticated regulation and diverse Isle of Man economy The Isle of Man is a self-governing The island’s principal regulator with healthy economic growth dependent territory of the British is the Isle of Man Financial and 50 years of a national Crown with its own democratically Services Authority (IOMFSA), budget surplus. elected Parliament, judicial system an independent statutory body and laws. The island enjoys healthy responsible for the licensing reserves, supported by a stable and supervision of Isle of Man and diverse economy and 30 years based banks, building societies, of consistent economic growth. investment businesses, collective investment schemes and corporate Tax policy and trust service providers. The Isle of Man has a clear and simple tax regime with no Capital It is also responsible for the Gains Tax, Withholding Taxes or regulation of the island’s insurance Wealth Taxes. and pensions sector. The IOMFSA aims to secure an appropriate Supportive government degree of protection for The Isle of Man government policyholders, maintain international understands that the most effective confidence in the island’s way to create a successful business insurance and pension industry, environment is to engage with the and to deter financial crime. private sector. In turn, this helps the government respond with insight In 2019, the IOMFSA introduced and agility to the challenges of the a new Conduct of Business global economy. Code designed to complement the Island’s existing regulatory Infrastructure framework and provide The Isle of Man has an excellent enhanced customer protection telecoms and power infrastructure and greater transparency. that has seen over £100 million of public and private investment in The IOMFSA is highly respected recent years. worldwide, and liaises closely with international colleagues to ensure those who choose the Isle of Man for their finance products can be sure of the highest standards of support. VISIT WWW.RL360.COM AND FIND OUT RL360 Insurance Company Limited HOW WE CAN T +44 (0)1624 681681 E [email protected] HELP SHAPE Registered Office: International House, YOUR FUTURE Cooil Road, Douglas, Isle of Man, IM2 2SP, British Isles. Registered in the Isle of Man number 053002C. RL360 Insurance Company Limited is authorised by the Isle of Man Financial Services Authority. RL213f 12/20.