CACL signs MoU with American Medical Capital for life insurance portfolio purchase

CACL signs MoU with American Medical Capital for life insurance portfolio purchase - Insurance Business Review Jump to page content Accessibility Log in or Register for enhanced features|Forgotten Password? White Papers | Suppliers | Events | Report Store | Companies |Dining Club General Insurance Commercial Lines Personal Lines Claims Insurer Life Insurance & Pensions Intermediaries Brokerage Underwriting London Lloyds Reinsurance Technology Technology in Insurance Outsourcing Regulatory & Risk
Life Insurance & Pensions ALL IBR | Life Insurance & Pensions Life Insurance & Pensions Home |News |White Papers |Suppliers |Companies Return to: IBR Home | Life Insurance & Pensions Select a Insurance sector ------------------------ Commercial Lines Personal Lines Claims Insurer ------------------------ Life Insurance & Pensions ------------------------ Brokerage Underwriting London Lloyds ------------------------ Reinsurance ------------------------ Technology in Insurance Outsourcing ------------------------ Regulatory & Risk Life Insurance & Pensions News CACL signs MoU with American Medical Capital for life insurance portfolio purchase IBR Staff Writer Published 15 May 2013

Crown Alliance Capital (CACL), a senior life settlement company, has signed a memorandum of understanding (MoU) with American Medical Capital for non-exclusive sourcing of life insurance portfolios.

Besides setting forth a series of criteria required to be addressed for Crown to be interested in acquiring the policies sourced by AMC, the MoU also starts the process of reviewing the first $50m policy portfolio identified by AMC.

Valued at more than $100m, the total portfolio is expected to be purchased by CACL in separate $50m tranches, contingent on sufficient financing and due diligence verification.

Crown Alliance Capital president and CEO Lorraine Fusco said the closure of deal in stages has enabled the company to complete the due diligence and underwriting process more efficiently.

"Moving forward with this custom built portfolio with AMC is the next step in our plan to ensure the best and most stable return possible for the Company,'' Fusco added.

''The life expectancies and costs of the policies are expected to be well within our requirements."

The latest portfolio purchase brings the company closer to achieving its five year goal of having assets under management in senior life settlement policies of $1bn.

Founded in March 2010, CACL is a senior life settlement company focusing on polices that will render an internal rate of return of 14% or more.

Share: Latest News Zurich Insurance Q1 2013 profit down by 7% Life Insurance & Pensions > News New York Life in talks with Yuanta Financial over Taiwan unit sale Life Insurance & Pensions > News Protective Life selects iGO Drop Ticket to simplify insurance sales process Life Insurance & Pensions > News Future Generali’s proposed stake sale to IITL receives approval Life Insurance & Pensions > News CACL signs MoU with American Medical Capital for life insurance portfolio purchase Life Insurance & Pensions > News Related News Related Sectors
Life Insurance & Pensions

Related Dates
2013> May

Related Industries
Financial Services> Insurance> Life Insurance
Comments Post a comment
Comments may be moderated for spam, obscenities or defamation.
Select a Insurance sector ------------------------ Commercial Lines Personal Lines Claims Insurer ------------------------ Life Insurance & Pensions ------------------------ Brokerage Underwriting London Lloyds ------------------------ Reinsurance ------------------------ Technology in Insurance Outsourcing ------------------------ Regulatory & Risk Life Insurance & Pensions News Related Insight Suppliers Directory Spotlight Suppliers By Sector A-Z
General Insurance Commercial Lines Personal Lines Claims Insurer
Life Insurance & Pensions
Intermediaries Brokerage Underwriting London Lloyds
Reinsurance
Technology Technology in Insurance Outsourcing
Regulatory & Risk # ABCDEFGHIJKLMNOPQRSTUVWXYZ
Life Insurance & Pensions Intelligence Latest White Papers Latest Research Buy the latest industry research online today! Deutsche Bank AG: Financial Services Company Profile, SWOT & Financial Report
ICD Research's "Deutsche Bank AG: Financial Services Company Profile, SWOT & Financial Report" is a crucial resource for industry executives and anyone looking to access key information about Deutsche Bank AGICD Research's "Deutsche Bank AG: Financial Services Company Profile, SWOT & Financial Report" report utilizes a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. ICD Research strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report. Buy online from $125


Sign up for the latest IBR news and features as well as other industry newsletters.
IBR Website Usage About us Accessibility Advertise with us Contact us Help Privacy RSS feeds Site map Dining Club Browse By Sector Browse By Network Business Review Sites General Insurance IntermediariesTechnology Brokerage Claims Commercial Line Insurer Life Insurance and Pensions Londonlloyds Outsourcing Personal Lines Regulatory and Risk Reinsurance Technology in Insurance Underwriting
Auto Banking Clean Technology Drinks Energy Food Insurance Logistics Medical Devices Packaging Pharmaceutical Retail Technology Webinars © IBR 2010. Part of Progressive Digital Media Group Plc

View the original article here