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Credit Suisse Obtains Life Settlement Licenses in Florida and Puerto Rico


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© Business Wire 2008
2008-10-08 17:49:01 -

www.credit-suisse.com/us/en/ - Credit Suisse Life Settlements LLC has obtained approval of its life settlement provider licenses in the jurisdictions of Florida and Puerto Rico, which will enable it to purchase life insurance polices from policy owners who reside in such jurisdictions. In addition to being one of a limited number of providers to have a license in Florida, Credit Suisse

Life Settlements is the first and only provider to date to obtain a license in Puerto Rico. As of today, Credit Suisse Life Settlements is able to purchase life insurance policies from policy owners in the following 45 jurisdictions: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin and Wyoming.

Credit Suisse

As one of the world's leading banks, Credit Suisse provides its clients with private banking, investment banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 49,000 people. Credit Suisse's parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN) are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

Credit Suisse Life Settlements

Credit Suisse Life Settlements purchases qualified life insurance policies from policy owners who have determined that their current insurance policy is no longer needed. Credit Suisse Life Settlements is an indirect wholly-owned subsidiary of Credit Suisse Group. Credit Suisse is a founding member of the Institutional Life Markets Association (ILMA), which seeks to establish best practices and transparency for the life settlement industry, as well as a member of the Life Insurance Settlements Association (LISA).

Credit Suisse
Bruce Corwin, 212-325-0932
bruce.corwin@credit-suisse.com


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