STAMFORD, Conn., March 1, 2011 /PRNewswire/ -- AllFinancial Group LLC's subsidiary ("AFG") just completed a transaction providing up to $6 Million dollars of premium financing to the owner of a distressed portfolio of life settlements.
AFG is currently in negotiations with a major European Bank to provide Premium Financing on a portfolio with a face value in excess of $1 Billion dollars.
A major asset manager has agreed to invest exclusively through a subsidiary of AFG to acquire life settlements in the next 12 months.
AFG recently executed an origination agreement with a leading New York based provider to purchase Life Settlements for AFG's account.
AFG is planning to acquire shares in a large Life Settlement fund financed by a major European Bank.
About AllFinancial Group LLC:
A pioneer in the industry, AllFinancial Group's affiliates entered the settlement market in 1997 and later vertically integrated by establishing a provider, an active trading operation and an institutional life settlement portfolio management and servicing platform. Since 2002, AllFinancial Group has originated and actively managed life settlement portfolios in excess of $7 billion in face value and has invested proprietary capital aggregated with investment partners' capital in excess of $300 million.
SOURCE AllFinancial Group LLC