Life Settlement - Servicing News

Centurion Fund managers has obtained regulatory approval in Luxembourg for what it said is the first open-ended fund to combine macro and micro longevity life settlement exposure.

To elevate life settlement knowledge and expertise nationwide, Invescor, Ltd., in partnership with the National Underwriter Company, has launched the most authoritative and comprehensive online life settlement training program in the country.

Program Offers CE Credit, Addresses Broker-Dealer Firm Element Requirements

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.

Examination Management Services, Inc. (EMSI), a leading provider of comprehensive underwriting services to the life settlement industry, recently revised its life expectancy underwriting mortality tables with an expected rollout to customers February 2, 2009. EMSI’s updated tables are based on the Society of Actuaries 2008 Valuation Basic Table (VBT). Revisions to EMSI’s mortality tables not only reflect the 2008 VBT’s mortality improvement in the general population, but also include different patterns of mortality between the life insurance and life settlement industries.

(OTCBB: LFXG) announced this morning the launch of their new bi-monthly life settlement and longevity markets trade report. The Life-Exchange Trade Report features valuable information on the growing life settlement and longevity risk markets. Data includes volume statistics, trade data, yields and other key industry specific data. The proprietary data and analysis is based on a compilation of trade data from Life-Exchange’s auction platform, industry participant surveys, government statistics, and public sources.

Life Policy Dynamics, LLC (LPD) announced today that Terry Fields has joined LPD as that company’s Director of Operations. In this capacity Mr. Fields will manage the delivery of customized service solutions to a broad range of funding entities, providers, lenders, brokers and agents within the life settlement and senior life insurance markets.

Coventry announced today that it has expanded its global platform in the longevity and mortality market with the opening of its London office.

“The opening of our London office is a significant step in Coventry’s international expansion strategy. As the market leader in the traded US life and annuity markets, Coventry offers unprecedented opportunities in this emerging sector and seeks to further serve increased institutional demand for investments with low correlation and low volatility,” said Reid Buerger, Executive Vice President of Coventry. “The scope of our platform is unparalleled, which allows us to offer a broad range of solutions to investors and counterparties for acquiring or hedging longevity and mortality risk.”

Life-Exchange member, European Life Settlements Management announced today the launch of their new Luxembourg based life settlements fund, the European Life Settlements Fund. Under the supervision of the Luxembourg Financial Authorities the fund will provide investors with the much needed transparency and regulatory oversight necessary to successfully invest in life settlements.

In an industry that is largely driven by the speed of underwriting, the life settlement sector is seeing a significant increase in average transaction times as life expectancy underwriters increase their turnaround time from an average of two weeks to upwards of six weeks.

Value Life Corporation (VLC), a premier provider of actuarial and advisory services to the life settlement and premium finance industries, announced today the launch of Instant On-Line Valuation™.
Instant On-Line Valuation™ is a web-based service which provides real-time calculations of actuarial values for
Life Settlement and Premium Finance transactions.