Well positioned to seize market share as the life settlement market undergoes strong growth
TORONTO, Oct. 7, 2014 /CNW/ - Crown Life Canada today announced the portfolio completion of $107,500,000 face value in senior life settlements. Focused on the US life settlement market, Crown Life Canada is excited about its contribution and leadership toward the future growth and continued building of this industry.
Life settlements generate high returns that are neither economically sensitive nor correlated to other financial markets or commodity markets.
"We are pleased with this purchase acquisition and wish to thank our funding partner, North Channel Bank along with our trusted advisors and shareholders for their support, hard work, due diligence and perseverance," said President and CEO Lorraine Fusco. "The purchase and close of this significant portfolio establishes Crown Life Canada's leadership in the life settlement market."
With over 100 million dollars in assets, this portfolio establishes a strong foundation and positions the company for significant momentum.
About Crown Life Canada
Crown Life Canada, a Canadian private company with corporate head offices in Mississauga, Ontario is in the business of purchasing and holding until maturity, senior life settlements. For more information visit www.crownlifecanada.com
SOURCE: Crown Life Canada Ltd.
For further information: Lorraine Fusco, 1 877 816 9428, Email: [email protected]