WRISE Group and CTF Life Bermuda have announced a strategic partnership to revolutionise wealth management and legacy planning for high-net-worth individuals worldwide. This collaboration will utilise CTF Life Bermuda’s innovative solutions to offer tailored strategies that address the evolving needs of clients in wealth, health, and legacy planning.
The partnership marks a significant development in the External Asset Management (EAM) sector, coinciding with the anticipated growth of the global insurance market for high-net-worth individuals to $139.28b by 2032. Derrick Tan, Group Executive Chairman of WRISE Group, stated, “This landmark partnership with CTF Life Bermuda is a testament to WRISE Group’s vision of creating a seamless and holistic 360-degree wealth management platform for our clients.”
The agreement, signed in Dubai, enables WRISE to expand its service offerings through a direct model that enhances client value. Meanwhile, CTF Life Bermuda will broaden its presence in key growth markets. Man Kit Ip, Executive Director and CEO of CTF Life Bermuda, expressed enthusiasm for the partnership, noting, “This strategic alliance represents a bold leap in our global expansion.”
WRISE will begin distributing a range of CTF Life Bermuda insurance products, including Universal Life Insurance, Indexed Universal Life, and Variable Universal Life, to clients in its Private and Prestige segments by the end of the year. This initiative is expected to set a new standard in meeting the holistic wealth needs of clients, offering more choice, transparency, and value globally.
