life settlement

Obra Capital, an alternative investment manager with strategies focused on insurance and reinsurance, has announced the hiring of Anthony J. Annino as Senior Managing Director and Head of Longevity investments at the firm and has also completed an acquisition that bolsters this side of its business.

Financial advisory business Alpha Growth plc said today that it has signed a joint venture agreement with established life settlements specialist SL Investment Management that will see the pair launching a new life settlements fund strategy.

Trident Risk Strategies has launched a new product called Longevity Shortfall, which provides a portfolio wrap and closeout insurance cover for newly originated and medically underwritten collateralized senior life settlement portfolios.

Life settlements seemingly belong to the insurance-linked investment landscape, meaning that ILS fund managers should be major players in the market, but research into the asset class shows that there are hurdles to overcome before ILS managers invest meaningfully.

A new insurance-linked investment product has been launched by global alternative investment manager Dragon Fire Capital. The product sits at the convergence of insurance-linked securities (ILS) and liability-driven investments (LDI), providing tailored relatively uncorrelated returns.

We don’t write about life settlements often on Artemis, part of the reason being that we are most interested in life settlement securitization, an area which hasn’t seen a huge amount of activity or news lately. We are aware that a good percentage of our readers have an interest in life settlements as an asset […]

According to the Wall Street Journal, AIG have recently been seeking to sell notes from a new life settlement securitization to investors but have been facing difficulties getting interest from investors who view these types of insurance-linked securitization deals as risky.

The European Life Settlement Association (ELSA) has issued a press release to announce the results of the election of officers at its Annual General Meeting. The ELSA sets standards for the European life settlement industry and promotes transparency by providing accurate, authoritative information to retail and institutional investors.

Life settlement securitizations pose a unique set of risks and are one of the more rarely seen types of asset-backed securities. As a result Standard & Poor’s haven’t ever rated a life settlement securitization transaction, but that could change if issuers can address the risks associated with them.

The life settlements investment market has had some criticism over the last few months after regulators comments and the introduction of a new code of practice from the European Life Settlement Association (ELSA) drew attention to the asset class. Now PDL International is seeking to address those concerns.