New index offering from Credit Suisse addresses increasing demand for performative and sustainably focused investment opportunities
A-CAP and AmeriLife today announced the addition of the Credit Suisse ESG Macro 5 Index (Bloomberg: CSEAGESG) to their industry-leading Accumulation Protector PlusSM (“APP”) Annuity, a 10-year fixed indexed annuity, offered through A-CAP’s subsidiaries, Sentinel Security Life Insurance Company and Atlantic Coast Life Insurance Company.
The Credit Suisse ESG Macro 5 Index will add an innovative, multi-asset approach, with a focus on environment, social and governance (ESG) standards. The index also offers exposure to components across regions and asset classes in an attempt to mitigate market unpredictability as well as benefit from opportunities across different market cycles and geographies.
“Two years ago, this month, we launched the APP Annuity offering exclusive access to the Credit Suisse Momentum Index and guaranteed participation rates for ten years. With a bespoke index designed to perform well in all market conditions, and a revolutionary, 10-year guaranteed participation rate product design, the APP Annuity was the first of its kind in our industry,” said Doug George, head of Life and Annuity for A-CAP. “Today, we are proud to further enhance the APP Annuity’s value by adding exclusive access to the Credit Suisse ESG Macro 5 Index with similar 10-year guaranteed participation rates.”
The fully rules-based Credit Suisse ESG Macro 5 Index provides a global equity component that offers exposure to a risk-weighted basket of four regional indices from leading ESG index provider MSCI, designed to maximize exposure to positive environmental, social and governance scores, as identified by MSCI. A basket of macro components, comprised of sub-strategies across fixed income, commodities and currencies components, further seeks to identify trend patterns in the markets and to benefit from the difference in yields between different instruments. Combined with a daily adjustment to target index volatility a 5% to generate consistent returns over time, the Credit Suisse ESG Macro 5 index seeks to combine stable growth with sustainably focused and impact investment.
“We are thrilled that A-CAP and AmeriLife have collaborated with Credit Suisse again,” said Andrew Ip Ping Wah, head of Insurance Solutions for Credit Suisse. “The Credit Suisse ESG Macro 5 Index provides a new option to policyholders wanting exposure to companies filtered through MSCI’s Environmental, Social and Governance criteria.”
“Since its launch in 2020, the APP Annuity has proven to be a differentiator for AmeriLife’s distribution and a key offering of our holistic product portfolio,” added Denny Southern, president of Annuity & Retirement Planning for AmeriLife. “The addition of the Credit Suisse ESG Macro 5 Index will only make this incredible product better by delivering the diversity, flexibility and performance that today’s discerning investors are craving.”
The product and indices described above are a summary only. All benefits and features are subject to the actual terms and conditions of the annuity contract. To learn more about the Accumulation Protector Plus℠ (“APP”) Annuity and the Credit Suisse ESG Macro 5 index, licensed agents and financial advisors can visit www.sslco.com/app, www.aclico.com/app, indices.credit-suisse.com/CSEAGESG, or contact Sentinel Security Life Insurance Company’s sales team at 800-247-1423 and Atlantic Coast Life Insurance Company’s sales team at 844-442-3847.
Attributions and Disclaimers with Respect to Credit Suisse
The Credit Suisse Momentum Index and the Credit Suisse ESG Macro 5 Index (the “Indices”) and “Credit Suisse”, and any trademarks, service marks and logos related thereto are service marks of Credit Suisse Group AG, Credit Suisse International, or one of their affiliates (collectively, “Credit Suisse”). Credit Suisse has no relationship to Atlantic Coast Life Insurance Company or Sentinel Security Life Insurance Company, other than the licensing of the Credit Suisse Momentum Index and the Credit Suisse ESG Macro 5 Index and its service marks for use in connection with the Accumulation Protector PlusSM Annuity and certain hedging arrangements and is not a party to any transaction contemplated hereby. Credit Suisse shall not be liable for the results obtained by using, investing in, or trading the Accumulation Protector PlusSM Annuity. Credit Suisse has not created, published or approved this document and accepts no responsibility or liability for its contents or use. Obligations to make payments under the Accumulation Protector PlusSM Annuity are solely the obligation of Atlantic Coast Life Insurance Company or Sentinel Security Life Insurance Company and are not the responsibility of Credit Suisse.
There is currently no universal definition or exhaustive list defining the issues or factors that are covered by the concept of “ESG” (Environmental, Social, Governance). Credit Suisse’s view of ESG is based solely on Credit Suisse’s current opinions, assumptions, and interpretations, which may evolve over time and are subject to change.
MSCI Indices are the exclusive property of MSCI Inc. (“MSCI”). MSCI and the MSCI index names are service mark(s) of MSCI or its affiliates and have been licensed for use for certain purposes by Credit Suisse. The financial product referred to herein is not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to such financial product. The annuity contract or other governing disclosure document contains a more detailed description of the limited relationship MSCI has with Credit Suisse and any related financial product. No purchaser, seller or holder of this financial product, or any other person or entity, should use or refer to any MSCI trade name, trademark or service mark to sponsor, endorse, market or promote this financial product without first contacting MSCI to determine whether MSCI’s permission is required. Under no circumstances may any person or entity claim any affiliation with MSCI without the prior written permission of MSCI.
A-CAP is a holding company owning multiple insurance and financial businesses on its unique and synergistic platform. These businesses include primary insurance carriers, an SEC registered investment adviser, reinsurance vehicles, and marketing organizations. With broad knowledge across the insurance and investment sectors, A-CAP’s management team has diverse experience and provides comprehensive services to policyholders, insurance company clients and capital partners. Launched in 2013, A-CAP is a privately held company with offices located in New York, Charleston, Chicago, and Salt Lake City. For more information, visit www.acap.com.
AmeriLife’s strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. In doing so, AmeriLife has become recognized as the leader in developing, marketing, and distributing life and health insurance, annuities and retirement planning solutions to enhance the lives of pre-retirees and retirees across the United States. For more than 50 years, AmeriLife has partnered with top insurance carriers to provide value and quality to customers served through a distribution network of over 300,000 insurance agents and advisors and more than 100 marketing organizations and insurance agency locations nationwide. For more information, visit AmeriLife.com, and follow AmeriLife on Facebook and LinkedIn.
About Credit Suisse
Credit Suisse is one of the world’s leading financial services providers. The bank’s strategy builds on its core strengths: its position as a leading wealth manager, its specialist investment banking and asset management capabilities and its strong presence in its home market of Switzerland. Credit Suisse seeks to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. The bank employs more than 50,000 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
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