Ameritrans Life Settlement Contracts
November 20, 2008 by Administrator

Found this press release from Ameritrans, nice to see a good preforming fund.

Life settlement contracts outstanding increased by $781,180, or 36%, as compared with the three months ended September 30, 2007. The interest rate on these contracts was constant over the two periods, resulting in an increase in interest income as compared with the three months ended September 30, 2007.

ABOUT AMERITRANS CAPITAL CORPORATION
Ameritrans Capital Corporation is an internally managed, closed-end investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended. Ameritrans originates, structures and manages a portfolio of secured business loans and selected equity investments. Ameritrans’ wholly owned subsidiary Elk Associates Funding Corporation is licensed by the United States Small Business Administration as a Small Business Investment Company (SBIC). The Company maintains its offices at 747 Third Avenue, 4th Floor, New York, NY 10017.

Underwriting firm leaders wants more transparency
November 14, 2008 by Administrator

Underwriting firm leader calls for more transparency from life expectancy underwriters

This is good news for the Life Settlement Industry, and a good call to action from Mr. Fasano. The recent changes in mortality and life expectancy reports put a strain on the industry. Not just for current policies that offered on but on previously purchased policies where investors may have to recalculate their investments.

The head of a Washington, D.C., underwriting firm is calling for more transparency among life expectancy underwriters.

Michael Fasano, the president of Fasano Associates, made the call proposing best practices standards for life expectancy underwriters during his company’s fifth annual life settlement conference. Fasano Associates serves the life, health, and life settlement industries.

Fasano called on the underwriters to retain qualified, independent actuarial firms to conduct regular analyses of actual to expected accuracy in a standardized format to allow more meaningful comparisons among professionals.

“We need more transparency in our industry if we expect to attract investment capital,” Fasano said in a statement. “Life expectancy underwriters have taken a lot of criticism recently – some legitimate and some not. But for our industry to move forward, we have to put our performance out there for review. Investors simply will not tolerate a secretive attitude any longer.”

Other speakers at the conference included Alan Buerger, CEO of Fort Washington, Pa.-based Coventry and Michael Barone, senior writer at U.S. News & World Report and a Fox News political analyst.

Tidbits of Life Settlement News
November 5, 2008 by Administrator

Here is some recent news and events related to the Life Settlement Industry.

Life Partners Holdings (LPHI) also reversed. It shed 1.54 to 39.52 in heavy trading. The broker of life settlement contracts reversed from a near record high of 42.26.

James Lance, president of Life Settlement Specialists LLC satisfied legal and compliance requirements to broker life settlements through Credit Suisse’s Life Finance Group.

Browndorf PEM, LLC, an emerging hedge fund manager in Newport Beach, CA, recently launched an alternate asset class of Browndorf Life Settlement Fund to manage longevity based portfolios or life-linked assets such as senior life settlements.

Advanced Settlements, a national leader in the life settlement marketplace now offers and a new funding option where you and your client can now participate in Life Settlements and ensure full personal and medical redaction. The platform is call Institutional Life Services (ILS).

More more news and updates, visit the following resources:
Life Settlement Info Blog – A news and information related blog.
Life Settlement License – License and Regulation News
Life Settlement Conference – Conference and Industry Events