Life settlement industry group the Life Insurance Settlement Association (LISA) has announced that Nate McCormick, EVP Head of Origination at Kosmos Management, will act as the organisation’s Chair in 2027. McCormick replaces Rob Haynie of Life Insurance Settlements, who remains on the board as Immediate Past Chair.
“I’m honoured to serve as LISA’s next Board Chair and look forward to working with my fellow Directors to build on the strong progress we’ve made in raising awareness of life settlements among seniors, the advisors who serve them and the investor class, while continuing to grow a safe, transparent and regulated marketplace,” said McCormick.
“It has been a privilege to serve as LISA’s Chair alongside such a committed Board and staff. Together, we’ve worked to advance the industry’s interests and ensure policyowners understand the value of their life insurance. Nate brings deep market experience and a clear vision for where our industry can go, and I’m confident LISA will continue to thrive under his leadership,” added Haynie.
Four new directors – Gary Kuchera, Chief Origination Officer at Coventry; John McCarroll, General Counsel at Fifth Season Investments; Dave Souders, Managing Partner at Alera Group; and Roger Tafoya, President and Chief Underwriter at Predictive Resources have been elected to the board and will each serve a three-year term beginning 1st January 2027.
“LISA’s Board brings together leaders from every part of the life settlement market, and that range of perspectives is what allows us to build consensus and move the industry forward. We’re grateful to the Directors who continue to serve, and we’re excited to welcome Gary, John, Dave and Roger to the Board as we head into 2027,” said Bryan Nicholson, LISA’s Executive Director.
The quartet join Samantha Butcher, Vice President of Operations at Abacus Life; Taylor Garvey, Sr. Director of Corp. Strategy & Marketing at AIR Asset Management; Clay Gibson, Managing Partner at Treyled Life Settlements; Courtney Wassef, Director of Compliance & Assistant General Counsel at Preston Capital; John Welcom, Founder & CEO at Welcome Funds, Inc.; and James M. Westerlind, Partner at ArentFox Schiff.
Meanwhile, LISA has announced Michael Fasano, Founder of Fasano Underwriting, as the recipient of the 2026 Alan H. Buerger Industry Leadership Award, which was created in December 2020 to acknowledge an individual market participant who has made significant contributions to support the development and growth of LISA and the life settlement marketplace. Fasano was presented with the award at LISA’s 32nd Annual Life Settlement Conference, held on 10th November in Washington, D.C.
