Life Risk News: Volume 1, Issue 5, September 2022
NCOIL, the United States’ National Council of Insurance Legislators, issued a resolution in the summer, stating that insurance companies who are offering enhanced cash surrender values to life insurance policy holders are in breach of the country’s standard non-forfeiture law. The resolution is seen as good news for life settlement fund managers, and for this month’s cover story, Life Risk News spoke to Tom Considine, CEO at NCOIL and Nat Shapo, Partner at Katten Muchin Rosenman to find out more about what the impact of the resolution might be in As Recent NCOIL Resolution Looks To Stop Enhanced Cash Surrender Value Offers.
We’re pleased to welcome a new team member to the Life Risk News stable this month; James Norris will be picking up the Life ILS beat going forward. Norris’ first feature is a roundtable piece, State of the Life ILS Market, featuring insights from Scott Mitchell, Portfolio Manager and Head, Life ILS, at Schroders; Niklaus Hilti, Head, Insurance Linked Strategies at Credit Suisse; Adam Robinson, Head of Life and Chief Underwriting Officer (Life) at Securis Investment Partners; and Craig Gillespie, Head of Life and Alternative Credit Portfolio Management at Leadenhall Capital Partners.
The Insurance & Reinsurance Practice Group at law firm ArentFox Schiff are back this month with another litigation bulletin. This time, it’s Geronta Funding v. Brighthouse Life Insurance Company, commonly known as Seck.
Our second commentary article this month sees Jay Olshanksy, Chief Scientist at Lapetus Solutions and Wealthspan Financial Partners and Professor of Public Health at the University of Illinois at Chicago offer his views on longevity and why some live longer than others in How Time Reveals the Secrets to Longevity.
This month’s poll asked Life Risk News readers, ‘Will Blockchain Technology Ever Be Truly Embraced by the Life Settlement Market?’ The results are not as cut and dried as some might think.
Our third commentary piece this month comes from David Naughton, Partner, and David Williams, Partner at LK Shields Solicitors LLP. Naughton and Williams look at the implications of a recent regulatory change to Ireland’s QIAIF regime in A Welcome Development for Life Settlement QIAIFs.
Our Q&A this month features WL Consulting’s Managing Director Roger Lawrence. Lawrence is a veteran of the U.K.’s Traded Endowment Policy market, and he gives his thoughts on the market’s demise and what other options – if any – investors have of accessing U.K.-based longevity risk.
Our final feature this month looks at the funded reinsurance market and it outlook for growth. Life Risk News spoke to Douglas Anderson, CEO at Club Vita, and Rohit Mathur, Head of International Reinsurance Business at Prudential Retirement Strategies, to learn more about what’s happening in this corner of the risk transfer world in Competition in Funded Reinsurance Market Heating Up.
If you’re interested in getting in touch, whether that’s with an idea for a topic that you’d like to see covered, or just to offer some feedback, please drop the team a line at [email protected]. In the meantime, on behalf of ELSA, we hope you enjoy this new issue of Life Risk News.
Chris Wells, Managing Editor, Life Risk News