Author: Greg Winterton
Life settlement secondary market transaction data continues to encourage
Skellig ICAV, a collective investment vehicle from Ireland, along with Gannet Funds and its securities intermediary, Wilmington Trust, have reached a settlement with John Hancock Life Insurance Company of New York in a lawsuit accusing the insurer of unlawfully increasing the cost of insurance on a targeted group of universal life insurance policies. The plaintiffs had filed the lawsuit in the U.S. District Court for the Southern District of New York in Manhattan, citing “sudden and massive COI increases” and seeking compensatory and punitive damages, equitable relief, and attorneys’ fees. Details of the settlement were not released. The suit was…
Life Risk News UK Pension Risk Transfer Consultants roundtable
Talk to almost any life settlement broker and they’ll tell you that they saw an uptick in activity in the industry’s secondary market in 2022 when compared to the prior year. Corroborating those views, however, isn’t possible until the end of the Spring and early Summer each year, when trade body the Life Insurance Settlement Association and industry trade magazine The Life Settlement Report, part of The Deal, publish their own data which cover transactions in the secondary market. So, ahead of these data releases, Life Risk News asked our readers, Do You Think There Were More Secondary Market Life…
Life Risk News Q&A with Thomas Deinet
Positive trends in the life settlement market, like in other asset classes, are to be cautiously welcomed
The recent banking crisis on both sides of the Atlantic has shone a light in asset management circles on the due diligence process undertaken by end investors on their counterparties. A significant percentage of the venture capital industry faced a potential liquidity crisis, and consequently, investors are looking more closely at counterparty risks of all types, not only at the asset manager level, but through to the underlying fund or managed account portfolio level as well. Just like many other asset classes in the private markets, counterparty risk in the life risk investing world comes in many forms. In markets…
Life Risk News’ Roundtable for the April, 2023 issue
In April 2021, The World Bank announced that it had closed its Pandemic Emergency Financing Facility (PEF) – the program that sold pandemic bonds to capital markets investors. The program raised a few hundred million dollars and 64 countries received payments to help them with their Covid-19 responses. However, many were critical of the program, and the announcement that the initiative has closed is no surprise to most, but there remains a significant funding gap for developing countries when the next pandemic hits. So, for our poll in March 2023, we asked Life Risk News readers, “Will Pandemic Bonds Ever…
Life Risk News’ Q&A with Ress Capital’s Hanna Persson