Life settlements specialist Abacus Life has appointed Nicholas Sawuk as Managing Director who joins the firm after most recently working as the of Head of Sales at Life Policy Traders where he provided strategic solutions to institutional investors such as pension funds.
Sawuk has over 20 years experience in the life settlements sector and prior to his role at Life Policy Trader he worked at a number of leading institutions in the space including: a European Life Settlement Fund with its own life settlement provider, as well as Cantor Fitzgerald’s Insurance Group’s life settlement and insurance-linked securities desk in New York.
In his new role at Abacus Life, Sawuk will be responsible for investment fund formation, capital raising, institutional policy trading, and portfolio and policy due diligence.
Abacus Life CEO Jay Jackson said that Sawuk appointment came as the firm was scaling its team in order to expand its portfolio. The firm has seen a 43% increase in headcount over the last 12 months.