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Peachtree Life Settlements Launches Life Settlement Trading Operations
Boynton Beach, FL April 2, 2007 – 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.”
About Peachtree
Peach Holdings, Inc., a Florida corporation, is the parent (holding) company of the Peach group of companies, including, among others, Peachtree Settlement Funding, Peachtree Pre-Settlement Funding and Peachtree LBP Finance Company (together, "Peachtree"). Peachtree is a specialty factoring company that purchases high-quality deferred payment obligations. Through its group of affiliated companies, Peachtree caters to people seeking to sell structured legal settlements, annuity payments, lottery prize payments, sweepstakes awards and tobacco payments. In addition, Peachtree provides cash advances to people with pending personal injury claims. Peachtree has purchased over $4 billion* of specialty receivables and continues to expand into new areas by bringing institutional financing and professionalism to bear on underserved markets. For further information contact Dori Erann at (866) 730-4418. Peachtree Settlement Funding's corporate website address is www.PeachtreeSettlementFunding.com and Peachtree Life Settlements’ website address is www.PeachtreeLifeSettlements.com.
*(Sources: Settlement Funding, LLC, Accounting/Servicing Department; Life Settlement Corporation Annual Report filings with the Florida Office of Insurance Regulation)
Please call 1-866-730-4411 or click here for your free quote.
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