Author: Greg Winterton

Patrick McAdams, Investment Director at SL Investment Management, was a founding member and first Chairman of the European Life Settlement Association. McAdams spoke to Life Risk News to explain the genesis of the organisation and his hopes for the future. **** LRN: Patrick – you were part of the founding of ELSA in 2009 but the Life Settlement industry is based in the United States. Why did you think that an association for European firms was necessary? McAdams: Prior to ELSA’s formation, the only association in existence focused solely on U.S. life settlements was the Life Insurance Settlement Association (LISA).…

The life settlement market has had more than its fair share of challenges in the past decade or so. PR issues plagued the sector as many investors – at least, publicly – stayed away from the perceived negativity attached to longevity risk, and the global financial crisis saw some open-ended funds gate their investors as redemption demands threatened their liquidity – and existence. In the last five years or so, the industry had been on something of an upward swing as investors were forced into looking at alternative investments, like life settlements, that can provide an acceptable yield for their…