Author: Greg Winterton

Contributing Editor

US-based industry group the Life Insurance Settlement Association (LISA) published its 2023 Market Data Collection Survey report in early May. The report, now in its third year, collects secondary market transaction data from the organisation’s life settlement provider members, which it says represents more than 95% of transactions in the secondary market overall.  The headline this year is that the life settlement market paid out more than $843m in the calendar year 2023 to US consumers who sold their life insurance policy, up from $790m last year, and $750m in 2022.  “The data collected by LISA in our Members Annual…

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The life settlement market has seen a few litigation cases in the state of Delaware in recent years whereby the estate of a deceased has brought a claim against a life settlement asset manager to recover the death benefit of the life insurance policy.   In these cases, plaintiffs argued that because these policies specifically were purchased using a premium finance arrangement (under which the insured borrows money to pay the premiums) they violated Delaware law on insurable interest when they were issued.  Recent Delaware decisions suggest that in these situations, the death benefit should go to the estate, so the…

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Life expectancy is one of the largest influences on the performance of a life settlement investment, and the space continues to evolve with advances in new technology and society’s understanding of mortality. Life Risk News’ Greg Winterton spoke to Chris Conway, Chief Development Officer, ISC Services, Vince Granieri, CEO, Predictive Resources, John Lynch, Director of Actuarial and Underwriting Services, Longevity Holdings, Sean Malone, President and CEO, Longevity Services and S. Jay Olshansky, Chief Scientist and Co-Founder, Lapetus Solutions to get their views on the current state of their sector, its challenges and opportunities. GW: Let’s start this year’s roundtable from…

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Life settlement funds have long enjoyed a home in Ireland. Greg Winterton caught up with Ailish Finnerty, Partner at law firm Arthur Cox, to learn more about why, and whether the trend will persist.  GW: Ailish, let’s start with the obvious. Why do so many life settlement funds call Ireland home?  AF: US life settlement portfolios represent a very attractive investment to US and non-US investors alike. In bringing investors together, a key focus of the asset manager will be to ensure the fund is located in a favourable jurisdiction that has a long established and well-respected legal regime in…

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