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Conversion of half a billion face value of insurance paper (DMAT.OB)
BY: daisy - November 12th, 2008 - 6:53 PM
+1-0 
Dematco contracts
I am new to this website as well as new to the market. I do have an interest in Dematco. I am aware of the news on Admiral Asset Group but had no idea about a financial company in Dubai. Could you tell me where I can find that information. I am very curious as to the companies that have signed with Dematco and hope that in the near future they will announce the names of those companies.
BY: theriver - October 30th, 2008 - 2:26 PM
+54-1
Re: Conversion of half a billion face value of insurance paper (
The insurance industry historically has been a great one to be in.
With baby boomers aging, I like their business model, not sure how the current meltdown will benefit DMAT - yet.
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If anyone out there understands the insurance industry I would love to hear your opinion on what these companies are doing. They say they are creating new products and subproducts by dematerializing insurance paper. Most recent news now has a new product listed as VSU or Variable Stripped Units. Their previous product was listed as being SLSU or Senior Life Settlement Units. From old news that you can still google it appears most of the business they are doing is with Admiral Assest Group. Also have a MOU with Tendall FZCO which is a Dubai financial company. 6 contracts for around 15 million in fees signed in about 9 weels time not too bad.