Life Settlement News

Emmanuel Modu, head of insurance-linked securities of A.M. Best Co., is participating in the Life Settlements and Longevity Summit being held on September 30 and October 1 at the Millennium Broadway Hotel, New York City, New York. Mr. Modu’s presentation, “Examining the Role of Rating Agencies Within a Life Settlement Securitization,” is on Thursday, October 1 at 10:45 am. Mr. Modu will also participate in a panel discussion, “Securitization of a Life Settlements Pool,” at 11:10 am on the same day – on which he will be joined by Isaac Efrat, senior managing director of Aladdin Capital, Rachel Coan, partner at Katten Muchin Rosenman, Scott Willkomm, senior vice president of Coventry, and Wai-Keung Tang, founder and president of Kappa Life.

Massachusetts is reviewing DBRS Ltd.’s grades on investments tied to life insurance policies because they might be inflated like the discredited mortgage bonds at the center of the recession.

Coventry announced the launch of Montgomery Portfolio Services today, providing institutional owners of longevity-linked portfolios with access to the industry’s leading servicing platform.

Morris Fishman, President and CEO of ISC Services in Clearwater, FL died unexpectedly on Friday, September 11, at the age of 58 at his home in Clearwater, FL. He leaves behind his wife Diane, children Stacey, Josh and Jeremy, and 4 grandchildren. Morris Fishman founded ISC Services in 2005 after discovering an opportunity in the rapidly growing Life Settlements marketplace - to create an actuarially driven business model for calculating Life Expectancies.

An autopsy on Danny Pang, the indicted founder of Private Equity Management Group Inc. who died on Sept. 12 while free on $1 million bail, showed no signs of foul play, the Orange County Coroner’s office said.

On September 17, life settlement professionals, agents, and others will enjoy an exclusive look at the preeminent membership organization leading the secondary market for life insurance. The Life Insurance Settlement Association (LISA) will host a free webinar opening its doors to all interested parties.

A recent article in Investment News warned companies of the dangers of not investing resources into their respective compliance departments. Failure to heed that warning could cost companies more in resulting fines than the cost of any immediate investments in the retention of and education for their compliance personnel.

September 9, 2009: Fasano Associates released the Agenda for its 6th Annual Life Settlement Conference, to be held on Monday, October 26, 2009 at its headquarters in Washington, D.C.

DealFlow Media, publisher of The Life Settlements Report, will host The Life Settlements Conference, the largest independent event for investors, providers, and brokers involved in the secondary life market. The agenda features the most complete curriculum in the business with intensive programming from industry experts, and top legislators from around the country. You won’t find this education anywhere else.

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