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Archive for March, 2006

Spitzer nearing more insurance settlements

Tuesday, March 14th, 2006

The source also said that New York recently opened an investigation into an obscure corner of the insurance business called life settlements.
Insurance broker National Financial Partners (NFP.N) this week disclosed it recently received a subpoena seeking information regarding life settlement transactions.
Marc Violette, a spokesman for Spitzer’s office, declined to comment on the […]

Life settlement provider Maple Life Financial, Inc. to be acquired by investment firm and management

Friday, March 3rd, 2006

TORONTO, March 3 /CNW/ - Maple Financial Group, Inc. announced today that it has entered into a definitive agreement to sell its wholly-owned subsidiary, Maple Life Financial Inc., to investment funds managed by Reservoir Capital Group, LLC. The current Maple Life management team, including President and Chief Executive Officer, Nate Evans, will continue to lead […]

Hinging on life and death

Wednesday, March 1st, 2006

Baby Boomers in the United States are worth roughly US$30-trillion, setting the stage for a humongous transfer of wealth over the next few decades. But those shamelessly banking on a nice inheritance from their Boomer parents face a brewing threat to their expected riches.
Calsi Management Inc., a private company in Toronto, is attempting to raise […]