Gowling WLG’s pensions and benefits team has assisted internet-based group risk insurer, Ellipse, to launch a new Excepted Group Life Assurance product.
The team was led by principal associate Kevin Gude. Ellipse contacted Gowling WLG to advise on the structuring of the new product and the trust that is an integral part of the arrangement.
Ellipse developed its product in partnership with a third party professional trustee, Pitmans Trustees Limited (PTL). PTL recommended Gowling WLG for its expertise in the risk benefits area to review their trust documentation, advise Ellipse on statutory and technical compliance and provide them with additional commercial insight into the wider market’s approach to the provision of excepted cover.
Principal associate Kevin Gude said: “We’re thrilled to have advised Ellipse on such an innovative and novel approach to excepted life assurance. Ellipse had committed to launching the product in April, so we faced a challenging deadline to provide the required advice and research into the market, but we hit the deadline and that allowed Ellipse to launch on time.
“It was a real endorsement of our abilities that PTL were quick to recommend us as Ellipse’s advisers, and we hope we’ll be able to work with them both in the future.”
