THE LIFE SETTLEMENTS WIRE
Posted March 10, 2010 5:50PM PST

Phoenix Cos. said in its annual report for 2009 that it has been selling more policies to older people, and issuing stranger-originated life insurance despite attempts not to do so. Full Story


Posted March 10, 2010 2:29PM PST

A bill was introduced in the Georgia state Senate that would require insurance agents to let policyholders know about life settlements if they are planning to surrender or lapse their policies, Sen. Full Story


Posted March 10, 2010 12:00PM PST

Civil lawsuits raise questions about who should be paid proceeds in an investment strategy where investors recruit terminally ill people and purchase corporate bonds with a survivor's option, The Wall Street Journal reported. Full Story


Posted March 09, 2010 2:26PM PST

Sun Life Assurance Co. of Canada filed two lawsuits against a Rhode Island estate attorney alleging that he and his associates arranged stranger-originated life insurance, The Providence Journal reported. Full Story


Posted March 09, 2010 12:57PM PST

Richard "Rory" O'Connell is the new chief credit officer for Imperial Finance & Trading, a Boca Raton, Fla.-based premium finance, life settlements and structured settlements firm. Full Story


Posted March 09, 2010 12:44PM PST

Two European firms have launched a fund in Luxembourg that will provide mezzanine financing to life settlement funds. Full Story


Posted March 08, 2010 6:37PM PST

A committee of the National Conference of Insurance Legislators (NCOIL) that explored whether insurers prevent their agents from discussing life settlements has continued the discussion to its July conference in Boston. Full Story


Posted March 08, 2010 6:37PM PST

Caleb Pitters left his director's position at the Credit Suisse Life Finance Group on March 1 to take a position on Credit Suisse's U.S. corporate bond trading desk, according to an email he sent to colleagues. Full Story


Posted March 08, 2010 6:37PM PST

The National Conference of Insurance Legislators will try to write model legislation regarding the secondary market for annuities, NCOIL President Robert R. Damron said. Full Story


Posted March 08, 2010 6:20PM PST

Former federal prosecutor Patrick Collins was replaced as trustee of the A&O life settlement funds' bankruptcy case after a group of A&O's creditors objected to Collins' lack of experience in bankruptcy court and to his fees. Full Story


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March 04, 2010

As investment banks and most hedge funds either back off or exit the life settlement market, providers and others are seeing signs of interest from new types of investors from around the world. Full Story


The National Conference of Insurance Legislators (NCOIL) may consider writing model legislation to regulate the secondary market for annuities with death benefits. Full Story


Georgia state Sen. Ralph Hudgens plans to convene a hearing Saturday before a national group of state legislators to determine whether insurers ban their life insurance agents from discussing life settlements with clients. Full Story


Life settlement players in Europe said they support greater transparency in their market after an official with the U.K.'s Financial Services Authority said he would be concerned to see a "rapid increase in the size" of the life settlement retail market, where the agency sees marketing abuses and high commissions. Full Story


  • Prosecutors Decline to Take Up Deutsche Bank Case, Attorney Says
  • Keydata International Fund Redemptions Suspended
  • AXA Producer Wins Arbitration in Life Settlement Case
  • Longevity Risk Transactions Growing
  • Coventry Wins Appellate Reversal in Record Confidentiality Case
  • GAO Sends Survey to Providers Seeking Transaction Information
  • Fortress Launches New Life Settlement Fund
  • New York Insurance Department's Kermitt Brooks Goes to AXA
  • Wisconsin Senate Passes Bill with Five-year Waiting Period
  • Utah Removes Premium Financing Provision from Legislation
  • Life Partners Hires Ernst & Young as Its New Auditor
  • Alabama House Takes Up Bill Along Lines Favored by Industry
  • Headway Made on Michigan STOLI Definition, Senator's Aide Says
  • Maine Legislative Committee OKs Revised Settlement Bill
  • Hirings and Firings
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