|
|
Article: Deutsche Bank builds life insurance portfolio for term deal.
- Article from:
- Asset Securitization Report
- Article date:
- November 29, 2004
- Author:
CopyrightCOPYRIGHT 2004 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Deutsche Bank Securities Inc. is reportedly near closing a deal with Dallas-based Lift Financial backed by life insurance policies, according to market sources.
The deal would likely be closed on DBSI's balance sheet and held to aggregate for a potential term transaction in the future. Some in the market expressed surprise as Deutsche had apparently been taking a step back from the sector, sources said. Bankers at Deutsche declined to comment on the reports.
The life insurance sector has generated substantial buzz in recent months. Nomura Securities was also said to be warehousing life settlements on its balance sheet (see ASR, 8/23/04). However, all the ...