New York, NY, December 1, 2010 – Proverian Capital, LLC ("Proverian") announces that it is now buying life settlement policies for a large financial institution. Proverian was founded in 2005, and has established itself as a leader in the secondary life insurance market.
Johan Lotter, Proverian's CEO, remarked, "We are very pleased to represent this purchasing program aimed at building a large, well-structured portfolio of life settlements. Proverian was chosen because of our specialized expertise in underwriting and policy valuation. These two major strengths, together with our compliance-oriented mindset, have enabled us to build our reputation as an industry leader. This will serve our investors well in the years to come."
Proverian prides itself on independent analysis of policy attributes and investment opportunities. It has the in-house actuarial expertise to provide guidance and services to investors in the life settlement asset class.
Proverian is actively buying individual policies and portfolios for the new program.
About Proverian Capital, LLC
Proverian Capital, LLC is a New York-based life settlement provider. Proverian works with life settlement brokers and financial advisors to deliver best-in-class value and services to clients. Proverian is capitalized solely by large financial institutions seeking to deploy significant capital in the secondary and tertiary life settlement space, allowing Proverian the flexibility to participate in a wide range of transactions. For information regarding Proverian Capital, LLC, visit www.proverian.com.
Contact:
Matthew Waldman, CLU®
Director of Acquisitions
Proverian Capital, LLC
T (212)562-2646 x114
E mwaldman@proverian.com