Date Closed

December 1, 2006

Lead Office

Toronto

Value

146.00 Million CAD

On December 1, 2006, Universal American Financial Corp. completed its sale of UAFC (Canada) Inc., including its Canadian insurance subsidiary PennCorp Life Insurance Company, in an all-cash transaction to a venture 70% owned by La Capitale Civil Service Insurer Inc., a subsidiary of La Capitale Financial Group Inc., and 30% owned by GMF Assurances, a French mutual insurance company.

McCarthy Tétrault LLP advised Universal American Financial Corp. and its subsidiary PennCorp Life Insurance Company with a team led by Nancy Carroll.