Life Settlement - Ratings News

The suitability of ‘experienced investor funds’ (EIFs) within offshore bonds based in the Isle of Man has been questioned by a former regulator in the territory.

Peach Holdings Inc., which earlier this month recommended a takeover by Orchard Acquisition Company, an affiliate of DLJ Merchant Banking Partners, today reported an 81 pct drop in pretax profit for the first half of 2006 to 4.3 mln usd from 22.6 mln the prior year.

Life Partners Holdings, Inc. (Nasdaq: LPHI) today announced net income of $470,992, or $0.05 per share, for the three months ended March 31, 2006 compared to $469,105 or $0.05 per share, reported for the same period last year. Revenues increased by 25% over the same period last year while total business volume, as measured in policy face values transacted, increased by 59% over last year to almost $29 million.

Due to Trinity Financial Services’ recent growth, success and desire to strengthen their position in the marketplace, they have chosen to obtain Errors and Omissions (E&O) Coverage. This will allow them to solidify pending agreements with a number of nationally recognized Broker-Dealers.