BISYS, the New York-based mutual fund and insurance product distributor, is continuing its bid to expand its insurance-related business with new reporting services for variable annuity and variable life insurance products, the company said today.

The firm has historically distributed life insurance and provided related services to insurance companies through outsourcing relationships, but in the past year has begun an aggressive effort to draw more business from that sector. The firm began servicing insurance portfolios this year. Its first client was American Family Life Insurance Company.

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