Utmost Group

Paul Thompson, as co-founder and Group CEO, sets strategic direction alongside co-founder and Group CFO Ian Maidens. The group's majority owner Oaktree Capital Management — a Brookfield Asset Management affiliate — exercises significant influence over major capital allocation and M&A decisions. Day-to-day asset management is handled within each regulated entity.

Oaktree Capital Management holds a majority equity stake in Utmost Group. Brookfield Asset Management, which acquired a controlling interest in Oaktree in 2019, is therefore an indirect owner of Utmost Group. This places the firm within a broader institutional asset management ecosystem rather than operating as a standalone insurance company.

Utmost Group primarily acquires and administers closed books of life insurance and pension policies — portfolios that are no longer actively sold to new customers. The group's model focuses on policyholder servicing, capital optimization, and runoff management across its regulated platforms in the UK, Ireland, Isle of Man, and Luxembourg.

The sale of Utmost Life and Pensions to JAB Insurance in 2025 represented a material repositioning of the group's UK exposure. JAB Insurance, backed by the Reimann family's JAB Holding, acquired the unit as part of its insurance buildout strategy, while Utmost Group retained its international wealth-planning and cross-border life insurance platforms.

The group maintains regulated insurance entities in the United Kingdom, Ireland, the Isle of Man, and Luxembourg. It also operates a commercial office in the Dubai International Financial Centre. This footprint supports cross-border life insurance and wealth planning for internationally mobile policyholders.

Utmost Group holds both direct assets — including UK commercial real estate through its property fund and specific office buildings — and insurance-linked portfolios such as life settlements. Its unit-linked policy liabilities are matched against a mix of direct investments and external fund holdings, with asset allocation overseen by each regulated entity's investment committee.

As an insurance asset owner rather than a fund manager, Utmost Group does not offer co-investment opportunities to external LPs. Its investment activity serves policyholder liabilities and is conducted through regulated insurance balance sheets. The group's relationship with Oaktree provides access to institutional-grade asset origination.