Peachtree Life Settlements Launches Life Settlement Trading Operations
BOYNTON BEACH, Fla.–(BUSINESS WIRE)–Peachtree Life Settlements is pleased to announce the launch of Life Settlement Trading operations which it commenced in the
first quarter of 2007. This new endeavor has made a strong start with policies
representing over $200 million in net death benefit sold to institutional counter-parties in the first quarter of 2007. Peachtree Life Settlements has appointed Senior VP Sergio Salani as the head of these activities, and his efforts resulted in several block sales with European banks.
“Peachtree is continuing to look for innovative and emerging business strategies and
institutional funding opportunities,” said Peachtree CEO Jim Terlizzi. “The Life Settlement Trading operation was a logical progression in our commitment to expand our Life Settlement Division.”
Source: Business Wire
Doesn’t have much information about exactly what the trading operations will do, but we will keep our eyes and ears open for more information. I do not think it will be like a Life Settlement Auction format.
