PHILADELPHIA--(BUSINESS WIRE)--Axcelus Financial (“Axcelus”), an international provider of private placement life insurance and annuities, has achieved record assets under administration of $14 billion following its recent rebrand in January 2024. This milestone cements Axcelus as an industry leader and is indicative of the firm’s unwavering dedication to serving the interests of its policyholders and business partners over the course of three decades.
Michael Farrell, Chief Executive Officer, stated: “Strong investor interest in alternative assets, driven by the current macro environment, has played a significant role in Axcelus’ asset growth this year. We are continuing to focus on developing innovative, customized solutions to help high-net-worth and institutional clients grow and preserve their assets.”
John Fischer, Head of Distribution, said: “We are pleased to see our solutions gaining increasing levels of traction with an expanded group of distribution partners as we continue to adapt our offerings to address clients’ evolving wealth planning and investment objectives. We are especially excited to further scale our programs with larger wirehouses and banks to meet this demand.”
As part of the firm’s growth strategy, Axcelus is adding senior-level talent focused on further scaling the business and addressing the demand for private placement insurance solutions. In December 2023, Axcelus welcomed a new Chief Information Officer & Head of Client Experience, Satish Bhat, formerly technology and architecture lead for HSBC's Global Wealth and Private Bank group.
About Axcelus Financial
With over $14 billion of assets under administration as of February 29, 2024, Axcelus Financial is a leading provider of private placement life insurance and annuities to individuals and institutions. The company employs over 100 people at offices in Philadelphia, New York, Miami, and Bermuda.
