New York, NY, November 22, 2006 – Proverian Capital, LLC proudly announces that it has obtained a Life Settlement Provider license in the state of Florida. Proverian opened its doors in September of 2005, and has quickly established itself as reliable source of funds in the secondary market for life insurance.
Johan Lotter, Proverian's CEO, remarked, "Florida licensure is the first step in establishing ourselves as funding option for seniors nationwide. Our large capital capacity, proprietary methodologies and compliance oriented mindset will serve us well in our quest to become a major factor in the marketplace for years to come."
Proverian works with life settlement brokers and financial advisors and is backed by institutional capital. Proverian distinguishes itself by using proprietary life expectancy certificates and actuarial modeling which allow the company to differentiate its offers from the rest of the market.
Howard Zail, Proverian's CFO, commented, "Our expansion into the Florida market will help satisfy our investors’ ever increasing appetite for this asset class. We look forward to building strong relationships and producing value for our investors as well as life settlors."
Contact:
Matthew Waldman
Director of Acquisitions
Proverian Capital, LLC
T (212)562-2646 x114
E mwaldman@proverian.com