Miravast Asset Management Ltd. announced the successful purchase of a US$60 million life insurance portfolio by a substantial institutional investor.
Miravast developed, customized and structured the transaction. This includes selecting the individual life insurance policies, overseeing the medical reviews of the insured's and the actuarial analysis needed of each of the individual life insurance policies.
Miravast Asset Management is responsible for the ongoing management for the portfolio.
Bill Taylor, President of Miravast, commented, "I am very pleased that an important new investor has entered the life contingent asset class and has selected Miravast Asset Management as its advisor. We expect this to be one of many investments by institutional investors as this asset class continues to grow."
Bill Taylor further commented, "We see the momentum in the life settlement industry and are excited to be in the position to help investors gain access to this socially responsible alternative asset class."
Miravast Asset Management is an investment advisory firm responsible for developing the largest life settlement investment platform. They are an investment advisor specializing in life contingent assets.
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