Old Mutual
LSE : OML

September 15, 2005 08:00 ET

Old Mutual Bermuda - A New Name Built on a 160-Year-Old Tradition

HAMILTON, Bermuda--(CCNMatthews - Sep 15, 2005) -

In a move to further align with its parent company, OMNIA (Bermuda) Ltd. proudly becomes Old Mutual (Bermuda) Ltd. The new name and corporate identity clearly demonstrate the company's focus on being a strong and supportive partner to their worldwide financial institution partners.

Purchased in April 2003 by Old Mutual plc and then-known as Sage Life (Bermuda), the company provides Old Mutual with a new sales channel to complement its existing dollar-based product lines and distribution systems. Evidence of the company's success is their achievement of an impressive milestone - that of surpassing the $1 billion of assets under management milestone on June 3, 2005.

Old Mutual Bermuda offers its customers a range of investment products. Under its open architecture approach, customers are able to participate in investment options offered by some of the world's leading investment houses in addition to options managed by Old Mutual affiliates.

John Clifford, CEO, commented, "With two solid, growth-filled years in the Old Mutual family, the time for a name change was imminent. Old Mutual Bermuda has further strengthened the link with our parent company by adopting its name and likeness." Added Clifford, "I'm confident the combination of Old Mutual's global brand recognition and Old Mutual Bermuda's product expertise will equate to further success in the years to come."

The new name brings with it a completely redesigned website containing Investment Choices Information, Presentations, Sales Ideas, Marketing Material and Announcements sections. The website can be accessed at www.ombermuda.com.

OMNIA investment products are not offered or available for sale in the United States or to United States citizens or residents or to residents of Bermuda. These products do not constitute an offer or solicitation to anyone in any jurisdiction in which an offer is not authorized, or to any persons to whom it is unlawful to make such an offer or solicitation.

About Old Mutual (Bermuda) Ltd.

Headquartered in Bermuda, the company develops and markets both insurance and investment plans to non-U.S. residents, non-U.S. citizens and non-residents of Bermuda through financial institutions in a variety of markets around the world. The plans are written directly by Old Mutual Bermuda and offer the investor varied investment options and strategies while providing death and other benefit guarantees. Since joining the Old Mutual group in April 2003, Old Mutual Bermuda has produced outstanding sales results and filled yet another niche in the group's international distribution strategy.

About Old Mutual plc

Founded in 1845, Old Mutual plc maintains its primary listing on the London Stock Exchange (LSE:OML), ranks as the world's 14th largest insurer (Life/Health), is a Fortune Global 500 company and a FTSE 100 financial services group.

Contact Information

  • Old Mutual (Bermuda) Ltd., Bermuda
    Siobhan McNulty, 410-895-0118