Life Settlement News

Advanced Underwriting Solutions leads the life expectancy (LE) market in a trend toward transparent reviews. In an environment of recent economic uncertainty, AUS continues to lead with the philosophy that it is vital to focus on consistency in the methodology and tracking of Senior Market impairments that have mortality implications affecting life expectancies. The LE’s provided by AUS provide in-depth detail on medical impairments combined with ICD codes - this allows investors a clear understanding of how to appropriately bucket risks within their portfolios.

Legal & General Group Plc, the U.K.‘s third-largest insurer, has a solution to the problem of aging: high-yield corporate bonds.

Four months ago it took over a $475 million pension fund at Smiths Group Plc, betting it can improve returns enough to pay off 7,000 pensioners and turn a profit. Smiths, the world’s biggest maker of airport bomb detectors, was happy to rid itself of what insurance companies call ``longevity risk.’’ Longer life expectancies mean a 65-year-old man in Britain will probably live to 82 and claim payments until 2025.

Advanced Underwriting Solutions (AUS) announced today that it has been named the preferred vendor of life expectancy underwriting for Cambridge Guarantee Limited.

After much anticipation the SOA/AAA Valuation Basic Table Team, a subgroup of the Preferred Mortality POG, has completed their work on the 2008 VBT.

Investors in settled life insurance policies need to thoroughly understand
the impact of underwriting and mortality assumptions on investment performance, according to a new analysis
issued today by Phoenix Life Solutions, a subsidiary of The Phoenix Companies, Inc. (NYSE: PNX).

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.

This joint venture is just the first step in a goal to provide an end to end solution to the life settlement industry.

Value Life Corp(VLC) and Chapman, Hext & Co., P.C.. (CH&Co) have formalized a joint venture to bring VLC’s software and actuarial resources and CH&Co’s back office and accounting expertise to investors with all sizes of portfolios.

The Life Insurance Finance Association applauds the adopted amendments to The National Conference of Insurance Legislators (NCOIL) Life Settlements Model Act, which was adopted unanimously, reflecting the collaboration of all parties.

The Goldman Sachs Group, Inc. (NYSE: GS) today announced that it has launched the first index that will allow market participants to measure, manage, and trade exposure to longevity and mortality risks in a standardized, transparent, and real-time manner.

Genstar Capital, LLC and Boston Ventures announced today a majority investment in 21st Services, in partnership with management. The Minneapolis, Minnesota based Company is a leading provider of mission critical, life expectancy information that is currently used in the life settlement industry, the secondary market for life insurance, and with new applications planned to be launched in coming years.