Altium Group LLC Joint Venture with Lloyds of London
Summary
Altium Groups CEO, William Coluccio, stated that "There exists a specific type of risk exposure that purchasers of life contingent structured settlements confront in the secondary market.In our opinion, the strongest and most experienced company to underwrite this unique insurance protection was Lloyds of London, and we are proud to have them as our partners.222, or email Holmdel, NJ, July 08, 2011 --( PR.com )-- Altium Group LLC and Lloyds of London is pleased to announce the creation of a unique insurance product to mitigate risk in the structured settlement secondary market.Marketed as Confidential Indemnity Insurance (CII) and distributed exclusively in the United States by Altim Group LLC, this new product protects the investor of a life contingent structured settlement in the event of a contestable death of the original annuitant (seller) occurring within two years of the initial purchase of such settlement.Altium Groups CEO, William Coluccio, stated that "There exists a specific type of risk exposure that purchasers of life contingent structured settlements confront in the secondary market.In our opinion, the strongest and most experienced company to underwrite this unique insurance protection was Lloyds of London, and we are proud to have them as our partners.