breaking news

Life Partners Plans to Pay Extra Dividend Based on Strong Cash Position

The Life Settlements Report - Fri, 09/03/2010 - 1:00pm
Life Partners, a Waco, Texas-based provider, said today that its board has approved a special cash d...

Life Settlement Conference Concludes

Life Settlements News - Thu, 09/02/2010 - 8:56am

The Life Insurance Settlement Association (LISA) convened its annual Compliance Conference in Atlanta, Georgia. The annual gathering is the only conference geared towards the life settlement industry’s compliance professionals and featured the widely popular Legal Roundtable. This year’s event was attended by more than 30 licensed life settlement companies.

“The Compliance Conference always offers attendees a tremendous amount of value as it addresses the most important compliance-related issues of the day,” commented Doug Head, LISA Executive Director. “As the voice of the industry, it is our responsibility to make sure this type of dialogue is occurring within the industry.”

This year, the Conference tackled such issues as due diligence, privacy issues and even featured appearances by Amanda Jolley, Program Supervisor – Enforcement Division – Georgia Department of Insurance, and Amanda Squires (D), Georgia Insurance Commissioner candidate. ”We’re extremely grateful for Ms. Jolley’s and Ms. Squires’ remarks and insights during our meeting,” added Mr. Head.

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Life Settlement Conference

Engelhardt Accuses Life Policy Group of Stiffing Him on Commissions

The Life Settlements Report - Thu, 09/02/2010 - 4:30am
Mark Engelhardt, former chief executive of Life Policy Group, said he was fired from the New York-ba...

Pennsylvania Legislator Now Leaning Toward NCOIL-Type Bill

The Life Settlements Report - Thu, 09/02/2010 - 4:00am
A Pennsylvania legislator who introduced a bill that would prevent policies from being sold until fi...

Life Settlement Fund Reports 10% Returns

Life Settlements News - Wed, 09/01/2010 - 8:41am

SL Investment Management’s two-year-old Life Plus Life Settlement Fund has earned a 10.26% return since its launch, the Chester, England-based company said in a statement Tuesday.

The fund has experienced $13.3 million in life policy maturities.

SL Investment’s valuation method is unlike other companies that use mark-to-model valuations that can vary greatly, said Investment Director Patrick McAdams. “SL assumes very few maturities will occur shortly after policy acquisition, and use[s] a very transparent actuarially based model to approximate market value,” he said in the statement.

SL Investment is planning to launch a second Life Plus fund. The company, which also works with traded endowment policies, had £930 million ($1.5 billion) under management and advice as of Dec. 31.

SL Investment Reports 10% Return

The Life Settlements Report - Tue, 08/31/2010 - 12:00pm
SL Investment Management's two-year-old Life Plus Life Settlement Fund has earned a 10.26% return si...

Life Settlements Provider Holds onto Star Betty White

The Life Settlements Report - Tue, 08/31/2010 - 8:15am
Celebrity Betty White is showing no signs of slowing down as the octogenarian has seen a resurgence...

Lifemark Sells Four Policies for Less Than $5M

The Life Settlements Report - Fri, 08/27/2010 - 1:30pm
Lifemark has sold four policies for less than $5 million as it continues to work on a permanent rest...

Life Settlement Solutions has Two New Funders, Plans New Products

The Life Settlements Report - Wed, 08/25/2010 - 7:00am
Life Settlement Solutions, a San Diego-based provider, said it has new agreements with two funders a...

Records Show InsCap Found Forgeries in Large-Face Policies

The Life Settlements Report - Tue, 08/24/2010 - 5:15am
New York premium-finance company InsCap Management uncovered evidence of alleged forgeries in at lea...

ISC Services Unveils Premium Optimization Product

The Life Settlements Report - Tue, 08/24/2010 - 5:15am
ISC Services, a Clearwater, Fla.-based life expectancy firm, said today it is releasing a new premiu...

NCOIL Seeks Comment on Proposed Consumer Disclosure Model Act

The Life Settlements Report - Mon, 08/23/2010 - 1:45pm
The National Conference of Insurance Legislators (NCOIL) is seeking public comment on its proposed c...

Deutsche Bank Sues Insurance Agents over Sales of Policies, WSJ Says

The Life Settlements Report - Fri, 08/20/2010 - 5:30am
Two Burbank, Calif., insurance agents have been sued by Deutsche Bank in federal court for breach o...

Judge Upholds Cease-and-Desist Order against Stamford Group

The Life Settlements Report - Fri, 08/20/2010 - 4:00am
An administrative law judge in Texas has upheld the Texas State Securities Board's cease-and-desist ...

Track-Life Says it Obtained Contract to Service Large Portfolio

The Life Settlements Report - Thu, 08/19/2010 - 2:15pm
Track-Life, an Atlanta-based servicing firm, said today it has obtained a contract to service a mult...

Massachusetts Bill May be Considered after Labor Day

The Life Settlements Report - Thu, 08/19/2010 - 4:15am
A life settlement bill supported by the life settlement industry is expected to come back to the Mas...

Provider Imperial Holdings Planning $287M Public Offering

The Life Settlements Report - Tue, 08/17/2010 - 6:45am
Imperial Holdings, a Boca Raton, Fla.-based company that operates a life settlements provider and pr...

Sun Life Drops STOLI Lawsuits Against Lawyer, Newspaper Says

The Life Settlements Report - Mon, 08/16/2010 - 3:30am
Sun Life Assurance Co. of Canada has dropped three lawsuits against a Rhode Island lawyer it accuse...

Wide Range of Valuations for Lifemark's Portfolio, Article Says

The Life Settlements Report - Fri, 08/13/2010 - 11:30am
Auditing firm Ernst & Young has presented parties interested in rescuing troubled Luxembourg life se...

Texas Judge Throws out Trinity Case

The Life Settlements Report - Fri, 08/13/2010 - 11:15am
A Texas District Court judge said in a letter that she is dismissing Trinity Settlement Services' la...
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