News

Feb 3 2012
Coventry Lays Off 12% of Staff, Restructures Capital Markets Team
Coventry laid off about 12% of its 300-employee workforce, most of them in its life settlement busin... More
Feb 2 2012
KPMG Requesting Lifemark Be Moved into Judicial Liquidation
As bondholders prepare to vote on an orderly wind-down of Lifemark, the life settlement bond company... More
Feb 1 2012
New Jersey Governor Picks Insurance Commissioner
New Jersey Gov. Chris Christie has nominated Ken Kobylowski as the state's insurance and banking com... More
Feb 1 2012
Nevada Federal Court Case Allows Insurers to Retain Premiums
A Nevada federal court case holding that insurers can retain premiums in a stranger-originated life ... More
Feb 1 2012
Mulholland Liquidates His Consulting Firm in Bermuda
Jeff Mulholland, former chairman and chief executive of Insurance Capital Markets who joined Societe... More
Feb 1 2012
Secondary Market Players See Improving Business Despite a Pummeli...
Secondary market players who remain after the contraction that began more than three years ago are s... More
Feb 1 2012
Neuman Takes Leave of Absence from Imperial Holdings
Jonathan Neuman, president and chief operating officer of Imperial Holdings, has taken a voluntary f... More
Jan 30 2012
Insetco's Offer to Buy ARM Collapses
A proposal for Insetco, a relatively new market player, to acquire the troubled ARM Asset-Backed Sec... More
Jan 30 2012
ARM Entertaining Other Offers Following Failed Insetco Deal
ARM Asset-Backed Securities has received other proposals for its $320 million life settlement portfo... More
Jan 26 2012
Vespera Life Finds Funder to Buy Small-Face Policies
Vespera Life, which obtained a provider's license from Florida in February 2011, said it plans to bu... More
Jan 26 2012
Pardo, Peden Win Re-Election to Life Partners Board
Brian Pardo, chief executive of beleaguered Life Partners Holdings, and Scott Peden, general counsel... More
Jan 25 2012
FSA Shows No Bending to Industry Criticism
As the Financial Services Authority's formal public comment period on whether to ban life settlement... More
Jan 24 2012
Monarch Alternative Capital Puts in Winning Bid for Part of Caldw...
Monarch Alternative Capital, a New York-based buyer of distressed assets, has put in a winning bid f... More
Jan 24 2012
New Jersey Insurance Commissioner Leaving Job, Paper Says
New Jersey's insurance and banking commissioner, Tom Considine, plans to give up his position in Feb... More
Jan 23 2012
California Man Faces Foreclosure After Refinancing Home to Pay fo...
A California man who took out a line of credit to pay premiums on a $3 million policy that he could ... More