Life Settlement News

With interest in the life insurance settlement industry at an all time high, industry founder Wm. Scott Page today warned of a “carpet-bagger” mentality that could be troublesome for the industry. Page, president and CEO of www.thelifeline.com, says that an increasing number of operators are rushing into the industry and promising unrealistic and untenable returns.

The Institutional Life Markets Association outlined today the major differences between life settlement securitizations and the securitization of mortgages during testimony before the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

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.

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.

712 top-tier bank holding companies reported BOLI assets, up from 696 in 2007

Examination Management Services, Inc. (EMSI) will be presenting at the 5th Insurance Link Securities Summit in New York, NY January 28-30, 2009. Hosted by Finance IQ, a division of the International Quality & Productivity Center (IQPC), the Summit will discuss innovative solutions for transferring risk and the appetite for taking on risk in the growing insurance and life settlement industries.

AllFinancial Group LLC (“AFG” or the “Company”) announces that in the midst of recent life settlement market dislocations, it has immediately available capital to provide liquidity in the form of short term, or “bridge” loans to life settlement investors, including providers that may be holding policies for their own accounts.

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.

ClearLife is delighted to announce the addition of Valerie Coffey to its team. Valerie joins as Vice President of ClearLife LP, ClearLife’s U.S. operation, responsible for the development of ClearLife’s US business and operations. She will also lead the roll-out of ClariNet™, the business management system developed by ClearLife for participants in the life settlements and longevity risk markets.

Proverian Capital is a premier life settlements provider based in New York City.

Johan’s address will focus on the importance of accurate life expectancy determinations as the most impactful and misunderstood factor in accumulating a performing Life Settlement portfolio. He will talk about the three “wrecking balls” that affected the life settlement industry in 2008 and what can be done about them