breaking news
Coventry Lays Off 12% of Staff, Restructures Capital Markets Team
Coventry laid off about 12% of its 300-employee workforce, most of them in its life settlement busin...
KPMG Requesting Lifemark Be Moved into Judicial Liquidation
As bondholders prepare to vote on an orderly wind-down of Lifemark, the life settlement bond company...
New Jersey Governor Picks Insurance Commissioner
New Jersey Gov. Chris Christie has nominated Ken Kobylowski as the state's insurance and banking com...
Nevada Federal Court Case Allows Insurers to Retain Premiums
A Nevada federal court case holding that insurers can retain premiums in a stranger-originated life ...
Mulholland Liquidates His Consulting Firm in Bermuda
Jeff Mulholland, former chairman and chief executive of Insurance Capital Markets who joined Societe...
Secondary Market Players See Improving Business Despite a Pummeling
Secondary market players who remain after the contraction that began more than three years ago are s...
Neuman Takes Leave of Absence from Imperial Holdings
Jonathan Neuman, president and chief operating officer of Imperial Holdings, has taken a voluntary f...
ARM Entertaining Other Offers Following Failed Insetco Deal
ARM Asset-Backed Securities has received other proposals for its $320 million life settlement portfo...
Insetco's Offer to Buy ARM Collapses
A proposal for Insetco, a relatively new market player, to acquire the troubled ARM Asset-Backed Sec...
Vespera Life Finds Funder to Buy Small-Face Policies
Vespera Life, which obtained a provider's license from Florida in February 2011, said it plans to bu...
Pardo, Peden Win Re-Election to Life Partners Board
Brian Pardo, chief executive of beleaguered Life Partners Holdings, and Scott Peden, general counsel...
FSA Shows No Bending to Industry Criticism
As the Financial Services Authority's formal public comment period on whether to ban life settlement...
Monarch Alternative Capital Puts in Winning Bid for Part of Caldwell Portfolio
Monarch Alternative Capital, a New York-based buyer of distressed assets, has put in a winning bid f...
New Jersey Insurance Commissioner Leaving Job, Paper Says
New Jersey's insurance and banking commissioner, Tom Considine, plans to give up his position in Feb...
California Man Faces Foreclosure After Refinancing Home to Pay for $3M Policy
A California man who took out a line of credit to pay premiums on a $3 million policy that he could ...
Imperial Obtains Funding for Structured Settlement Receivables
Imperial Holdings, the Boca Raton, Fla., specialty-finance firm being investigated by federal author...
Welcome Funds Finds Buyer for Small-Face Term Conversion Policies
Welcome Funds, a Boca Raton, Fla.-based life settlement broker, has found an A-rated institutional b...
AVS Underwriting Starts Giving Credits for Statin Use
AVS Underwriting recently began giving credits in its life expectancy estimates for people taking st...
FINRA Says Brokers Charged Excessive Fees on Variables
Two brokers charged excessive fees ranging from 17% to 36% for five variable life settlement transac...
Dematco Says It Placed $4M in Quantus Notes
Life settlement market players said they remain skeptical about Dematco, a U.S. company that claims ...
