Abacus Global Management Rebrands, Broadens Financial Services
Abacus Life has rebranded as Abacus Global Management, a move the company says reflects its strategic expansion of financial services and its increasing global presence. The company, which specializes in alternative asset management, will continue to provide solutions in life insurance, asset management, wealth management, and technology.
The transition to the new name is effective immediately. According to Chief Executive Officer Jay Jackson, the rebrand is a significant step in the company’s strategy to integrate advanced technology into its financial services offerings.
Prior to the rebrand, the group received regulatory approval from Luxembourg for its acquisition of Carlisle Management Co. S.C.A. The deal, finalized in December, added approximately $2 billion in assets under management to its ABL Wealth division.
New Divisions
Abacus Global Management now operates through four distinct divisions:
- Abacus Life Solutions: This division focuses on consumer financial security through retirement products and serves as a partner to institutions.
- Abacus Asset Group: This division is dedicated to asset management for institutional investors and select private clients. It specializes in uncorrelated and longevity-based assets, fixed-income replacement strategies, and free-cash-flow investment solutions.
- ABL Wealth: ABL Wealth provides a data-driven approach to wealth management. This division works with financial advisors to create customized financial plans based on clients’ health, longevity, and financial well-being.
- ABL Tech: ABL Tech develops platforms using proprietary health and longevity data to enhance financial services for pension funds, government agencies, and insurance-related businesses. The division has created products that enable real-time mortality verification, participant location services, and secondary life insurance market transactions.
Since 2004, Abacus has purchased over $10 billion in life insurance policy face value, helping clients maximize the value of their insurance assets.
