breaking news
New York Defines Intermediary, Sets Application Deadline
Any operator of an electronic exchange created for the purchase of life settlements would be require...
Insurer's Policy Transfer Ban Shocks Market
An insurance company's edict that insurable interest is required on policy transfers violates long-s...
Rockingham Suspends Advice Business, Article Says
U.K.-based Rockingham Retirement suspended its advice business after the Financial Services Authorit...
FINRA to Expand Information Available Through BrokerCheck
The Financial Industry Regulatory Authority said that in August it will begin expanding the amount o...
New NCOIL Model Act on Consumer Disclosure to Be Drafted
The National Conference of Insurance Legislators (NCOIL) plans to begin drafting a new model act req...
NCOIL Forms Subcommittee for STATs
The National Conference of Insurance Legislators (NCOIL) has formed a new subcommittee to discuss po...
Sovereign Wealth Funds Plan to Buy $1.25B Life Settlement Bond, Publication Says
Sovereign wealth funds in Qatar, Bahrain and Dubai plan to buy a $1.25 billion life settlement bond,...
ILMA Sees Impacts on Market from Financial Reform Act
The Institutional Life Markets Association (ILMA), which represents institutional investors in the l...
California Insurance Department Issues Rules for Settlement Law
The California Insurance Department issued long-awaited rules for implementing its new life settleme...
Former Cielo Executive Beritela Lands Job as CFO of JPB Enterprises
Sam Beritela, former managing member of Cielo Capital Management, which specialized in small-face po...
Managing Partners Fund Netted 66.41% over Six Years, Asset Adviser Reports
Managing Partners, a Cayman Islands-based mutual fund, said it has delivered 66.41% in returns for i...
Consumer Disclosure Option on Agenda at NCOIL Tomorrow
The hotly contested consumer disclosure option requiring carriers to let insureds planning to give u...
FSA Reviewed Rockingham Annuity, Article Says
Rockingham Retirement, which offers a life settlement option for its annuity product, confirmed that...
A&O Trustee Plans to Sell Portfolio
The trustee handling the bankruptcy of seven A&O investment funds plans on selling the life sett...
Sun Life Can't Rescind Policy and Keep Premiums, Court Says
A federal court decision says Sun Life Assurance Co. of Canada can't retain premiums if it rescinds ...
Invescor Goes out of Business, Citing 'Selective' Purchasing
Invescor, a Farmington Hills, Mich.-based life settlement broker, has closed as of yesterday, blamin...
Lifemark Answers Insurable-Interest Question in Kramer Case
In a court case that could have a broad impact on the life settlement market, European investor Life...
Undercover Agent Used in Texas Securities Investigation
The Texas State Securities Board used an undercover agent to act as a prospective investor in its in...
California Posts Notice To Brokers and Providers In Absence of Rules
In the absence of rules guiding life settlement brokers and providers on how to comply with Californ...
Lifeline Acquires Georgia Provider's License
The Lifeline Program, an Atlanta-based provider, acquired a provider's license in Georgia on Monday,...
