American Elm Distribution Partners, LLC has been engaged by Ascendant Capital to distribute a new round of Preferred Shares designed to further expand Ascendant’s reinsurance business and its unique investment diversification strategy amongst investors.
Ascendant operates an annuity reinsurance business that is domiciled in the Cayman Islands and serves primary insurers in the United States.
The firm reinsures multi-year guaranteed annuities and individual fixed index annuity policies sold in the United States.
Meanwhile, American Elm is a managing broker-dealer and multi-product platform raising capital in the retail marketplace.
American Elm states that its mission is to create and distribute innovative alternative investments with the goal of providing more diversified investment solutions.
Carmine Cozelino, President of American Elm Distribution Partners, LLC, commented, “American Elm is excited for the opportunity to distribute preferred shares in a reinsurance company whose unique investment strategy can be a great diversification tool for investment allocators.”
Erik Fell, Chief Executive Officer of Ascendant Capital, said, “We are delighted to be working with American Elm during this exciting stage of our growth.
“We believe this environment presents attractive opportunities to expand Ascendant’s footprint and continue to build on our track record.”
