Life Settlement News

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.”

Fasano Associates released the Agenda for its 5th Annual Life Settlement Conference, to be held on Wednesday, November 5, 2008 at its headquarters in Washington, D.C.

Hirshorn To Spearhead Capital Markets Activities

Legacy Benefits, LLC announces the addition of Mark Hirshorn to head its Capital Markets efforts. Prior to joining Legacy, Mark spent two years as Director, US Securitization at Fortis Securities LLC in New York. He focused on client-based transactions and projects involving structured solutions in the global markets. Prior to joining Fortis, Mr. Hirshorn spent ten years at Bayerische Hypo- und Vereinsbank where he managed the bank’s US securitization efforts.

Hirshorn will lead the company’s capital markets initiatives, developing and marketing life settlement based products and structures while establishing relationships with an expanded group of institutional clients. Hirshorn said, “This is a unique opportunity to help an established and respected organization build out its funding platform and origination capacity.

Leveraging my experience, and the skills developed over the past twenty years, I look forward to helping Legacy reach its full potential in the global markets.”

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.

Direct-to-consumer sales model builds on leadership positions in structured
settlement and annuity segments.
Specialty finance company J.G. Wentworth, Inc. today
announced that 22 states have granted life settlement provider licenses to its dedicated life settlements

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.

ISC Services is pleased to announce its role as a preferred Life Expectancy Provider to First Equity Benefits of America Inc., a leading Life Settlements firm with offices in New York City and Toronto.

Peachtree Life Settlements is pleased to announce the launch of Life Settlement Trading operations which it commenced in the first quarter of 2007. This new endeavor has made a strong start with policies representing over $200 million in net death benefit sold to institutional counter-parties in the first quarter of 2007. Peachtree Life Settlements has appointed Senior VP Sergio Salani as the head of these activities, and his efforts resulted in several block sales with European banks.

Life settlements continue to generate controversy, but continue to be popular, viable solutions for some of today’s consumers.

Peachtree Life Settlements was recently appointed as an approved originator and servicer for a large German life settlement fund. This fund is the most recent in a series of funds marketed and managed in Germany by the fund initiator which is part of a multi-national European banking giant.