Kosmos Management has announced the acquisition of life settlement provider, Maple Life Financial (MLF), from Longevity Holdings.
MLF has been a partner of Kosmos since 2012, and the acquisition is the latest development in what has become a trend of asset manager / provider vertical integration in the market.
“This move is fundamentally about sustainable growth, increasing control over our destiny, and building a stronger, more sophisticated platform for our investors and partners,” said Kosmos CEO Amy Bautista.
“Through this strategic step, we reinforce our commitment to fostering a healthy and open life settlement ecosystem, as well as ensuring continued fair and open access for all participants.”
MLF will continue to operate in a quasi- arm’s-length manner, maintaining its existing position as a partner for life settlement brokers and independent funds. Kosmos said that it will continue to actively source policies from a diverse range of providers across the market.
“We are eager to leverage Kosmos’s resources to further enhance our broker support and commitment to working hand-in-hand with agents and brokers to efficiently close cases, all while maintaining our agency model origination structure and focusing on our core strengths,” said Perry Koons, MLF Director of Capital Markets.
“This new structure will accelerate our ability to bring cutting-edge solutions and service enhancements to our clients.”