London, UK - 13th December, 2024 - The European Life Settlement Association (ELSA), the leading European industry group promoting and supporting the life settlement industry, has today published the December 2024 edition of Life Risk News.
The PHL Variable Life Insurance Company rehabilitation news story was a significant one in the life settlement market this year, but plenty of other topics and trends impact the space. Greg Winterton spoke to Simon Erritt at Coventry Capital and Rob Haynie at Life Settlements Inc, to get their views on some of these, and their impact, in Credit and Liquidity Risk Back in Focus but Life Settlement Market Looks to 2025 With Optimism.
The strong surplus of the approximately 5,000 defined benefit pension schemes in the UK brings with it the luxury of choice with regards to scheme’s end-game options. So, rather than rushing to seek an insurer-led buy-out, some trustees are considering other solutions. Samantha Downes spoke to Charlie Finch at Lane, Clark & Peacock, to get his views in To Buy-Out, or Not To Buy-Out?
The life settlement market received a small, but not insignificant boost recently, as regulator the National Council of Insurance Legislators (NCOIL) made some amendments to its Life Settlement Model Act at its annual meeting in November. Greg Winterton spoke to John Dallas at Berkshire Settlements (and Chair at industry group LISA), and Brian Casey at Locke Lord, to get their views on the change in Latest Version of NCOIL Life Settlements Model Act Provides Welcome Update to Outdated Processes.
The life settlement market has changed significantly since its inception, maturing and stabilising in terms of the processes and the firms participating in it. Still, change is constant, and so Bryan Nicholson at LISA explains what is changing at LISA and its plans going forward all in Taking the Next Steps to Better Serve the Life Settlement Market, a guest article.
The 2024 edition of the Life Insurance Fact Book – the American Council of Life Insurers’ annual review into the inner workings of US-based life insurance company balance sheets – was published in early November. Roger Lawrence of WL Consulting looked at the top-level takeaways from this year’s edition in US Life Insurance Industry Posts Solid 2023 Despite Macroeconomic Challenges, a guest article.
A range of events in the past few years have had a significant impact on mortality in the UK, and arguably the outlook is as unclear as it has been for some time. Greg Winterton caught up with Cobus Daneel at the Institute and Faculty of Actuaries, to find out what is top of mind in the mortality actuarial world as we look ahead to 2025 in this month’s Q&A.
Data from consulting firm WTW, published at the beginning of this year, shows that aggregate longevity swap insurance premium in the UK pension risk transfer (PRT) market was the lowest in 2023 for at least five years but a recent transaction shows that the appetite for these deals remains. Greg Winterton spoke to Shelly Beard at WTW, to get her thoughts on the space in Longevity Swaps are Back? They Never Went Away.
Visit www.liferisk.news to read this month’s issue.
About Life Risk News
Life Risk News covers the intersection of the capital markets and longevity and mortality risk. Life Risk News delivers cutting edge insights from both academia and business across life-linked alternative credit, life ILS, life settlements, pension risk transfer, and more.
The European Life Settlement Association (ELSA) was founded in 2009 to set standards for participants in the European life settlement industry.
More information: Chris Wells, Executive Director, admin@elsa-sls.org
About European Life Settlement Association
Founded in 2009, the European Life Settlement Association (ELSA) is dedicated to promoting transparency through the collaborative development of industry standards and by providing accurate, authoritative information to investors, regulators and the media. ELSA represents both European-based asset managers and service providers in the life settlement market, and non-European firms that have European clients in the life settlement space.
Media Contact
Company Name: European Life Settlement Association
Contact Person: Christopher Wells
Email: Send Email
City: London
Country: United Kingdom
Website: https://elsa-sls.org/
