Life Settlement News

A recent index released from the Amrita Life Settlement Index experienced a 73-point drop in February from January 2010.

The weakness was largely due to a persistent imbalance between available policies and active buyers in the life settlement market, says Amrita. Traditional sources of policy origination such as life settlement brokers, consumers and other intermediaries continue to feed supply into a market showing limited demand.

The February index results reflect some tightening of buying appetites while life settlement provider buying demands remain conservative overall, Amrita states.

The weaker-than-expected demand for life insurance policies on the secondary market resulted in a 14% decline, from 528 points to 454 points on the index, developed by Amrita Financial Inc., Oceanside, Calif.

More details and information will be shared once we receive it.

Producers and brokers have relayed information that providers are “cherry picking” the best policies and paying the lowest amounts. This could also have to do with the decline…

Source: NU ONLINE NEWS SERVICE

Amrita Life Settlement Index

The 2010 Trade Summit drew an opening London crowd of 150 and robust crowds followed the event as it arrived in Luxembourg and finally, in Zurich. “It’s clearly heartening to experience straightforward and honest deliberation of the industry’s most pressing issues,” said Bryan Freeman, co-chairman of the Trade Mission and president of Habersham Funding LLC. “We all agree on the fundamental value offered by the secondary market. What is essential as we work with our European colleagues is a clear-eyed understanding of the risks and possibilities before us. This event clearly illustrated the seriousness of intent with which respected institutional investors
are approaching life settlements.”

“Fresh off its final day in Zurich, both LISA and ELSA are receiving strong calls for additional events to advance the many relationships established in the past week,” explained Jim Connolly, Managing Editor of Life Settlement Review (LSR). LSR, a leading industry monthly publication, provided in-depth daily coverage of the Trade Mission. “The reception we’ve received has been tremendous. The excellent results produced by this event could not have been realized without the work and professionalism of ELSA, the LISA Events Department, the Trade Mission Committee and our honored speakers,” declared Will Menezes, LISA Business Manager. “We fully intend to build upon the good work of all involved.”

Source: Press

Helpful links:
Life Settlement Conference
Life Settlement Information

London Life Settlement Conference

Upcoming Life Settlement Conference is right around the corner…

The International Life Settlements Conference
March 22 & 23, Marriott Grosvenor Square, London

The Life Settlements industry continues to evolve with new regulation and legislation surrounding the market. The International Life Settlements Conference examines all of the latest developments, with an emphasis on what investors are looking for, how the industry can better position itself for growth, and what it will take to see a return of funding to the market.
This is the premier gathering for Life Settlements professionals, European investors and limited partners.

The agenda includes discussions on legislation, regulation, litigation, tax concerns for overseas funds, securitization, synthetic structures, pension fund longevity swaps, headline risk, life extension risk, underwriting issues, and insurance event linked securities.
Presented by an international faculty, this two-day agenda provides education you won’t receive anywhere else. The agenda also features “The Life Settlements Investors Roundtable”, the largest gathering of active Life Settlements investors on one stage.

More info:
Life Settlement Conference
Deal Flow London

David Paterson

The New York insurance department will require agents and brokers to disclosure how much commission is being paid and by whom, if New Yorkers contemplating an insurance policy request the information, according to a statement released by the department.

The regulation will be published in the February 10, 2010 issue of the State Register, and its requirements will take effect as of January 1, 2011.

More details will be posted on:
Life Settlement License
New York Life Settlement

Credit Suisse

Credit Suisse spokesperson Duncan King confirmed that seven employees in its Life Finance Group in New York were laid off in early February and that another 10 were reassigned. However, he declined comment on whether the investment bank, based in New York, is planning on exiting the life settlement market entirely. The Life Finance Group’s Web page says it has 90 employees in New York, London and Hong Kong.

Source: Life Settlement Review