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                            May 7, 2007

 

We are pleased to inform you that
J.C. Flowers
, a leading private equity firm, intends to acquire BISYS Insurance Services, in a transaction simultaneous to the sale of The BISYS Group to Citigroup. While this process will likely take several months to complete, there should be no disruption to our current daily business.

This sale is the result of an extensive strategic review process conducted by The BISYS Group Board of Directors over the past eight months. We believe this is the best transaction for our shareholders and clients. Subject to satisfaction of conditions as explained in the attached press release, it is expected that the transaction will close in the fall of 2007.

We are very positive about this development and think it will strengthen our ability to grow our business and better serve you. Our teams remain focused on providing strong customer service to expedite the processing, placement and payment of your cases. We will keep you up-to-date on our progress.
Click here for a copy of the Press Release.


Gonzalo Garcia, CLU
EVP, The Potomac Group
 

breaking news

- Insurable Interest Alert
 

GREENBERG TRAURIG ALERTS

Special Report (April 2007)
IRS Continues Review of 412(i) Plans
 

advanced markets bulletin

Premium Finance Planning: Accounts Receivables Financing-a way to leverage and protect specific business assets. Many professionals, such as doctors, dentists, attorneys and architects, maintain significant accounts receivables (“A/R”).  In fact, A/R are frequently considered to be the financial cornerstone to a professional’s practice. Although listed as an asset to the business, some might consider them to be more akin to a liability. Why? A/R are non-interest bearing, generally not liquid, and are a prime target for lawsuits and creditor claims. Click here to read more.
 

carrier and product news

American General Life
- Enhancements for Platinum Investor VUL Series
- ContinUL Extend 2007 and Elite Universal G Product Enhancements Now Available

Genworth Financial
- Introducing Life Ready UL
- Secondary Guarantee or Current Assumption? A Guide to Deciding Which UL is Better For Your Client.

ING
- It's Time for ING Return of Premium Term

Lincoln Benefit Life
- New Overloan Protection Rider Available on
Consultant Accumulator and Consultant Protector VUL

 
Upcoming Calls and Events

Teleconference: Tuesdays with GT: Premium Finance
Date: May 8, 2007 - 2:00 pm EST

Register Now or call Pam Tucciarone at
800.722.1600, ext. 6446

Web Conference: AIG American General: AIG Select Premium Financing and Indexed UL
Date: May 17, 2007 - 12:00 pm EST

Teleconference: Indexed ULs: A Roundtable Discussion
Date: May 24, 2007 - 3:00 pm EST

Register Now or call 888.241.1254

Save the Date!
2007 Annual Meeting - Scottsdale, AZ
Date: October 28-30, 2007

Stay tuned for additional details and registration information.

 

questions?

Call The Potomac Group at
800.722.1600, ext. 6446 for more information.
 

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The Potomac Group, 6550 Rockspring Drive, Suite 320, Bethesda, MD 20817