Boca Raton (Florida, USA); Zurich (Switzerland); Berlin (Germany) - October 6th 2008
The recent volatility and uncertainty in the financial markets world wide is driving investors to seek out safe, secure alternative investments. “We are seeing a flight to safety and investors from around the world are finding it in Life Settlements,” says Andrew Murphy of Mosaic Management Group, a company specializing in the distribution and management of Life Settlement portfolios. The returns from US Life Settlement policies are not tied or correlated to financial or real estate markets.“Confronted with massive consequences of the subprime crisis are these the bluntlyinestimable advantages compared to all classic investment alternatives,” says Dr. Heinz Kubli from Fundabilis Group, Zurich.
Despite the recent negative news surrounding AIG, the giant in the US insurance business, their policies remain safe. “It is better being an AIG policyholder than being an AIG shareholder, the numerous insurance units that AIG owns could simply be sold off to other carriers as they are one of the most solid parts of AIGs balance sheet,” Murphy commented. The required reserves set forth by the insurance commissioners are secure.The insurance carriers are obligated by law to invest these reserves in secure instruments such as US treasuries. “The better the reserves the better is the rating atthe recognized rating agency A.M. Best,” says Hans-Peter Friedebach from WIZARD Financial Consulting GmbH. WIZARD itself distributes only policies from US insurance companies with a current rating from B+ to A++.
Mosaic Management Group, Fundabilis Group and WIZARD Financial Consulting GmbH have teamed up to develop and market life settlement products to international non US investors. In a collaborative effort using their diverse expertise and experiences, they have developed a system of providing secure, non-correlating investments in the market today. The team will structure tailor made solutions for fund managers, asset managers and investors worldwide utilizing life settlements.
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