Author: Greg Winterton
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
Pandemic bonds received significant negative media coverage during the Covid-19 pandemic but would investors be interested in the event of a resurrection?
Would Article 9 compliance be enough for more investors to come into the life settlement space?
Life Risk News’ Roundtable for March 2023
Life Risk News’ poll for February 2023 asks readers the reason why the life ILS space isn’t larger
ELSA’s Master Agreement for Tertiary Transactions (MATT) was first published in 2019. Life Risk News’ Greg Winterton caught up with Philip Siller, Executive Chair and Co-CEO at BroadRiver Asset Management, to discuss the origins of the document and its most salient points. GW: Philip, BroadRiver, in its capacity as an ELSA member, was one of the firms involved in drafting the MATT in the first place. Why did ELSA and BroadRiver feel that some kind of standardised document was important for players in the life settlement’s tertiary market? PS: Standard documentation for recurring transactions is a critical tool for an…
Recent legislation a setback to those wishing to see a nationwide secondary market for life insurance