Navigation Links
Coventry and Ritchie Reach Agreement on Protection of Policyowner Information
Date:1/4/2008

FORT WASHINGTON, Pa., Jan. 4 /PRNewswire/ -- Coventry said today that the U.S. Bankruptcy Court for the Southern District of New York approved an agreement between the Company and Ritchie Risk-Linked Strategies Trading (Ireland) Ltd. I and II for the resolution of outstanding issues related to life settlement policies previously purchased by Ritchie. The Ritchie companies declared bankruptcy in June 2007.

"I am pleased the agreement includes significant safeguards to make certain the insureds' identities remain confidential," said Alan H. Buerger, Coventry's Chief Executive Officer. "As the leader and creator of the secondary market for life insurance, Coventry has been at the forefront of seeking privacy protections for the insureds. From my point of view, having this issue dealt with in a responsible way by the parties was of paramount importance."

As part of the agreement, Ritchie will pay Coventry $10 million and the parties agreed to mutual releases of all claims against one another in the bankruptcy litigation. U.S. Bankruptcy Judge Burton Lifland approved the agreement at a hearing yesterday in Manhattan.

About Coventry

Coventry (http://www.coventry.com) bridges insurance and capital markets to create groundbreaking products for the financial services industry. The company is the leader in the secondary market for life insurance and pioneered the resulting life settlement industry. Fueled by bold ideas, impeccable standards and a deep understanding of structured finance and life insurance, Coventry has ignited a transformation by opening new opportunities for investors, consumers and the financial professionals who serve them. Based in Fort Washington, PA, Coventry was the first secondary market company to ever receive Standard & Poor's highest Servicer ranking in 2004 and 2006 and was ranked #1 in the insurance category of the INC. 500 listing of the fastest growing privately held companies in America.


'/>"/>
SOURCE Coventry
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Sharing Miracles Television Program Extends Reach Across America: First Episode Features Former White House Press Secretary Tony Snow
2. MB Software Corporation Reaches Agreement with Keystone Equity Partners
3. Nyer Medical Group Reaches Agreement to Acquire Minority Interest in Pharmacy Chain Subsidiary
4. Sharp HealthCare Foundation Reaches $50 Million Goal
5. Settlement Reached Between Dilon Technologies and Naviscan on Patent Rights
6. Roadmap Released for Senior Executives Who Want to Reach the Pinnacle
7. Brooks and the University of Florida Reach Research Agreement
8. Governor Rendell Says Funds Are Within Reach to Cover the Uninsured, Continue Mcare Abatement Program
9. Divided We Fail Presidential Side-by-Side to Reach 23M+ AARP Members
10. New method of drug delivery more effective at reaching brain tumors
11. Empire BlueCross BlueShield and New York Attorney General Reach Agreement on Guidelines for State Doctor Ranking Programs
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/20/2017)... ... January 20, 2017 , ... Yisrayl Hawkins, Pastor and Overseer at The House of Yahweh has ... the world. Yisrayl says this generation is a time like no other and society needs ... Bible. , Yisrayl says he does not want to sound like an old bible beater ...
(Date:1/20/2017)... ... January 20, 2017 , ... ATP Science, an Australian-based company ... attended the January ECRM Trade Show in Hilton Head, SC, benefiting from outstanding ... range of supplements that keep the body functioning at its peak performance by ...
(Date:1/20/2017)... ... ... Magdalene: Grace is Greater than Sin”: a unique and memorable piece of literature ... Grace is Greater than Sin” is the creation of published author, Brenda Roberts, a ... had little knowledge of the female characters portrayed in the Holy Bible. , ...
(Date:1/20/2017)... ... January 20, 2017 , ... “Christmas in Suffolk”: a story ... Sara Seymour, who lives in Lafayette, Indiana where she works in a daycare and ... and writes. , Published by Christian Faith Publishing, Sara Seymour’s new book is an ...
(Date:1/19/2017)... ... ... the Centers for Medicare & Medicaid Services (CMS) announced over 359,000 clinicians are ... who participate in APMs are paid for the quality of care they give to ... a system that delivers better care and one in which clinicians work together to ...
Breaking Medicine News(10 mins):
(Date:1/19/2017)... , Jan. 19, 2017 Conference Call and Webcast to ... ) today announced it will release results for the fourth quarter ... ... host a conference call at 4:30 PM ET on Wednesday, February ... full year 2016 financial results and other corporate activities. To participate ...
(Date:1/19/2017)... , Jan. 19, 2017  Stealth BioTherapeutics Inc. ( ... treat mitochondrial dysfunction, today announced new additions to its ... as Chief Medical Officer, and Daniel Geffken ... that Jim Carr , Pharm.D. has been promoted ... are pleased to welcome Doug and Daniel to our ...
(Date:1/19/2017)... 19, 2017  Abaxis, Inc. (NasdaqGS: ABAX ... instruments and consumables for the medical and veterinary markets ... financial results for the third quarter fiscal year 2017, ... 4:15 p.m. ET on Thursday, January 26, 2017.  The ... fiscal year 2017 after the market closes on Thursday, ...
Breaking Medicine Technology: