AllFinancial Group LLC Provides Premium Financing for Distressed Portfolios

Mar 01, 2011, 14:56 ET from AllFinancial Group LLC

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.

For further information about AllFinancial Group please see our website:  www.allfinancialgroupllc.com or contact Investor Relations 203-964-1200x17.  Email: eu@allfinancialgroupllc.com

SOURCE AllFinancial Group LLC



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