|
3:00 PM – 5:00 PM |
|
Fall Conference
Registration |
Empire Complex Foyer, 7th
floor
|
|
|
|
|
|
5:00 PM – 7:00 PM |
|
Welcome Cocktail
Reception and Exhibition |
Empire Complex, 7th
floor
|
| |
|
DAY 2 –November 9th |
|
7:00 AM –8:00 AM |
|
Continental Breakfast and Exhibition |
Empire Complex, 7th
floor
|
|
Breaks: Sponsored by NorthStar Life Services, LLC |
| |
|
7:00 AM – 5:00 PM |
|
Registration |
Empire Complex Foyer,
7th
floor
|
| |
|
8:30 AM – 9:10 AM |
|
Current State of the Life Settlement Market |
Astor Ballroom, 7th
floor
|
|
Russell Dorsett, Director – Veris Settlement
Partners; President – LISA |
| |
LISA President and Conference Chairman, Russell
Dorsett, will open
the conference with an insightful 360 review of
today’s life settlement
market. This opening session will set the stage
for all presentations
to follow. The speaker will identify the industry’s
current challenges
and opportunities and present the current efforts in
place to protect
our interests. |
| |
|
9:10 AM – 10:00 AM |
|
Tax-Efficient Structuring Solutions |
Astor Ballroom, 7th
floor
|
|
Moderator: Brad Thompson, President – Fidelity
Assurance Associates, LLC; Board Member – LISA |
|
Kirk Van Brunt, Partner – Locke, Lord, Bissell, and
Liddell, LLP |
|
Leslie Schneider –
Ivins, Phillips & Barker |
|
Nancy Trick, CFO – Secondary Life Capital, LLC |
|
Roger Brown,
Principal – International Tax/Financial Services –
Ernst & Young |
|
Roger Lorence, Attorney – Sadis & Goldberg LLP |
| |
The tax implications of each person involved in a
life settlement transaction remains
a hot topic of debate. Hear about the implications
of the recent IRS Revenue Rulings
while learning what actions LISA has taken since
their inception. |
| |
|
10:00 AM –10:30 AM |
|
Morning Break and Exhibition |
 |
Empire Complex, 7th
floor
|
| |
|
10:30 AM – 11:00 AM |
|
Life Settlements: Signposts to a New Principal Asset
Class |
Astor Ballroom, 7th
floor
|
Sam Rosenfeld,
Managing Director, Longevity Mortality Strategies
and author of
“Life Settlements: Signposts to a New Principal
Asset Class”, published by the
Wharton Financial Institution Centre. |
Sam Rosenfeld’s
paper examined Life Settlements for long-term
viability; he found
that Life Settlements are viable, and, more
importantly, that they clearly signal
significant changes in the marketplace for longevity
based financial instruments
and products. These changes create both
opportunities and threats for investors
and members of the life settlement community. This
session will describe the
conclusions of the paper including the predictions
for the future; will then explain
the implications for both investors and the service
providers to the life settlement
community. |
|
11:00 AM – 11:30 AM |
|
A Regulatory View of the
Settlement Industry |
Astor Ballroom, 7th
floor
|
|
Michael T. McRaith, Director - Illinois Department
of Insurance |
| |
Illinois has recently
enacted settlement legislation which will take
effect in 2010.
As this major state reviews the issues, the
Director of Illinois’ Department of Insurance
explains his view and contemplates regulatory views
in general. |
|
11:30 AM – 12:00 PM |
|
Carrier Solvency and the Protection of Death Benefit
in Today’s Environment |
Astor Ballroom, 7th
floor
|
|
Moderator: Donald Henderson, Partner – Dewey and
LeBoeuf, LLP |
|
Michael T. McRaith, Director - Illinois Department
of Insurance |
|
Kenneth R. Wylie, Partner - Sidley Austin, LLP |
|
·
Life insurance reserve funds |
|
·
State guaranteed funds |
|
·
Case study on past insolvent
insurers |
|
12:00 PM – 1:00 PM |
|
Networking Luncheon |
Broadway Lounge, 8th
floor
|
| |
|
1:00 PM – 2:00 PM |
|
Securities and Life Settlements |
Astor Ballroom, 7th
floor
|
|
Moderator: Michael Leibowitz, President and CEO –
Invescor, Ltd. |
|
Eric Werner, Branch Chief – U.S. Securities and
Exchange Commission (SEC) |
|
Fred Joseph, Securities Commissioner- State of
Colorado– North American Securities Administrators
Association (NASAA) |
|
Larry Kosciulek, Director Investment Companies
Regulation – Financial Industry Regulatory Authority
(FINRA) |
| |
Escalating interest by securities regulators and the
courts will affect the settlement
industry. Learn how these views are being developed
by key agencies and the regulators
most deeply involved. |
| |
|
2:00 PM – 2:45 PM |
|
What’s All the Fuss About? |
Astor Ballroom, 7th
floor
|
|
Alan Buerger, CEO –
Coventry |
| |
The leader of the
largest provider company offers his view of recent
stormy weather.
Will the waves subside or is there a hurricane
ahead? |
|
2:45 PM –3:00 PM |
|
Afternoon Break and Exhibition |
|
|
Empire Complex, 7th
floor
|
| |
|
3:00 PM – 4:00 PM |
|
Breakout Session |
|
Investing in Life Settlements: Matching the Right
Capital to the Right Product |
Astor Ballroom, 7th
floor
|
|
Moderator: Bryan
Freeman, President– Habersham Funding, LLC; Board
Member – LISA |
|
Brian T. Casey,
Partner – Locke, Lord, Bissell & Liddell, LLP; Board
Member – LISA |
|
Boris Ziser –
Stroock & Stroock & Lavan, LLP |
|
Craig Seitel,
Managing Partner & CEO – Abacus Settlements, LLC |
|
Rachel B. Coan, Parner – Katten Muchin Rosenman,
LLP |
|
Steven M. Shapiro,
President and CEO – Q Capital Strategies, LLC |
In the last 10 years, life settlement investors have
shifted from private investors
to institutional capital. With the current
financial market meltdown, some industry
participants considered raising private capital once
again. The panel will present the
current investment structures (open ended, close
ended, and fractionalization and
compare and contrast these different methods. |
| |
|
3:00 PM – 4:00 PM |
|
Breakout Session |
|
Learning from Past
Practices for a Compliant Future |
Soho Complex , 7th
floor
|
|
Moderator: Andrew
Terrell, Principal - Avon Capital, LLC |
|
Brian K. Staples, President – RIGHT, LLC |
|
Albert J. Pinzon,
Esq., Member – Cozen & O’Conner |
|
Alexi M. Poretz, Counsel – Sidley & Austin, LLP |
How does the Life
Settlement Industry clean up prior abuses involving
Beneficial
Interest, Premium Finance and STOLI that are still
afflicting consumers and the
secondary market alike and find common ground with
the Life Carriers as we inevitably
grow this new asset class? |
| |
|
3:00 PM – 4:00 PM |
|
Breakout Session |
| |
|
Litigation Update |
Duffy & Columbia, 7th
floor
|
|
Moderator: John McCarroll, Vice President – Q
Capital Strategies; Vice President – LISA |
|
Andrew Kitchen,
Attorney- Maynard, Cooper & Gale PC |
|
Jule Rousseau,
Partner- Herrick Feinstein, LLP |
|
Nat Shapo, Partner – Katten Muchin Rosenman, LLP |
| |
What has happened since last year? What are the
current issues that are ripe for
litigation? Learn about recent litigation trends in
the settlement industry and where
litigation is headed. |
|
4:00 PM – 4:15 PM |
|
Morning Break and Exhibition |
Empire Complex, 7th
floor
|
| |
|
4:15 PM - 5:00 PM |
|
Breakout Session |
| |
|
Media Coverage of the Life Settlement Industry |
Astor Ballroom, 7th
floor
|
|
Moderator: Jim
Connolly, Managing Editor – Life Settlement Review |
|
Darla Mercado, Reporter – Investment News |
|
Donna Horowitz, Senior Editor – The Life Settlements
Report |
|
Jenny Anderson – The New York Times |
|
Lauren Young, Department Editor, Personal Finance –
Business Week |
| |
In recent months, the life settlement industry has
experienced a deluge of coverage
from major media outlets to online publications.
Public perception and public
discourse of the industry is being shaped by these
forces in ways not seen since the
inception of the secondary market. Learn how
business journalists formulate their
positions and how the media is approaching their
coverage of the life settlement industry. |
|
4:15 PM - 5:00 PM |
|
Breakout Session |
|
Fund Index Products and New
Investment Structures Utilizing Life Settlements |
Soho Complex, 7th
floor
|
|
Scott Willkomm, Senior VP, Business Development –
Coventry |
|
Jonathan B. Ross,
Esq. - Co-head, Private
Investment Funds Group –
Dorsey & Whitney LLP |
|
Philippe Hatstadt,
Managing Director - Barclays Capital |
|
Manish Kapoor, Managing Principal – West Wheelock
Capital |
This power panel will present their views on global
demand from retail investments for
life settlement backed products. The panel will
examine the advantages and
disadvantages of these investment instruments and
discuss what is to come. |
|
|
|
4:15 PM – 5:00 PM |
|
Breakout Session |
| |
|
Measuring the Size of the Life Settlement Market |
Duffy & Columbia, 7th
floor
|
| |
|
Moderator: Rob Haynie,
Managing Partner – Life Insurance Settlements, Inc.;
Board Member – LISA |
|
Michael Freedman, Senior Vice President, Government
Affairs – Coventry |
|
Paul Seigert, President and CEO – Insurance Studies
Institute |
| |
The incessant demand
for industry-wide statistical measurement has
produced a new
and thoughtful academic approach. Learn how this
initiative will go forward and what
will be required from the industry. |
 |
|
5:15 PM – 7:15 PM |
|
Director’s Cocktail Reception (Sponsored by
Coventry) |
Broadway Lounge, 8th
floor
|
| |
|
Special Ceremony Honoring
Georgia State Senator Ralph Hudgens |
|
DAY 3 – November 10th |
|
8:00 AM –9:00 AM |
|
Continental Breakfast and Exhibition |
Empire Complex, 7th
floor
|
| |
|
8:00 AM – 5:00 PM |
|
Registration |
Empire Complex Foyer,
7th
floor
|
|
9:00 AM – 9:45 AM |
|
Panel: Current Legislation and Beyond |
Astor Ballroom, 7th
floor
|
|
Moderator: Doug Head,
Executive Director – LISA |
|
Ralph T. Hudgens – Georgia State Senator |
|
Brady Cobb, Esq. – Tripp Scott, PA |
|
Michael Freedman, Senior Vice President, Government
Affairs – Coventry |
|
Stephanie Brensilver, Regulatory – Execution Team –
Credit Suisse |
| |
Both insurers and settlement industry participants
are caught in the national debate
about effective locus of regulation. Questions
include how to move towards uniformity
and reciprocity. How can state based regulation
continue to provide consumer
protections appropriate for the settlement industry
and, more broadly, for insurers?
What issues lie ahead? How will the interests of
all parties be achieved? |
|
9:45 AM - 10:15 AM |
|
Morning Break and
Exhibition |
Empire Complex, 7th
floor
|
| |
|
10:15 AM – 11:00 AM |
|
Breakout Session |
|
Life Settlements Go Global |
Astor Ballroom, 7th
floor
|
|
Moderator: Ramiro Rencurrell, President – Magna Life
Settlements, Inc.; Board Member – LISA |
|
Andrew Quinn, Esq. – A&L Goodbody
(Ireland) |
|
Scott Willkomm, Senior VP, Business Development –
Coventry (Asia) |
|
Tom Morante – Holland & Knight
(Latin America) |
|
Christian Seidl – Executive Vice President - Life
Bond Management GmbH (Representation from BVZL)
(Europe) |
|
Anna M. Bailey,
Director of Business Development
- MLF LexServ (Representation from ELSA) |
| |
|
Analysis of regional markets (Europe, Asia, Latin
America and off shore). |
| |
|
10:15 AM – 11:00 AM |
|
Breakout Session |
|
Life Expectancy Best Practices |
Soho Complex, 7th
floor
|
|
Moderator: Mike Fasano, President – Fasano
Associates; Board Member – LISA |
|
Scott Gibson, FSA, MA; Senior VP & Principal - Lewis
& Ellis, Inc.; Board Member – LISA |
|
Phil Loy, President –
AVS Underwriting |
|
Roger Tafoya, Vice President and Chief Underwriter–
ISC Services |
|
Robert Miller, Managing Director of Underwriting
Services Division –
Examination Management Services, Inc. |
|
Traci Davis, President –
Advanced Underwriting Solutions, Inc. |
|
Vince Granieri, Chief Actuary –
21st Services |
| |
Life Expectancy estimates are fundamental to
settlements. The Best Practices Working
Group will report on its activity and progress. |
| |
|
10:15 AM – 11:00 AM |
|
Breakout Session |
|
Shari'ah Law |
Duffy & Columbia, 7th
floor
|
Jim Maxson, Of
Counsel – Morris, Manning & Martin, LLC
Can Investments in Life
Settlements Comply With Principles of Islamic
Finance? Islamic finance or Shari'ah
Law contains a series of prohibitions, including a
ban on the receipt of any interest in
connection with an investment. Learn the basic
principles of Islamic Finance and the
interplay between those principles and investments
in the life settlements industry. |
| |
|
11:00 AM – 11:15 AM |
|
Morning Break |
Empire Complex, 7th
Floor
|
| |
|
|
|
11:15 AM - 12:00 PM |
|
Breakout Session |
| |
|
Pension Funds: Applications of
Life Settlement Investments |
Astor Ballroom, 7th
floor
|
|
Moderator: Ramiro Rencurrell, President – Magna Life
Settlements, Inc.; Board Member – LISA |
| |
|
Harish Raghavan, Chairman – Concord Capital
Management, LLC |
|
Jose C. Garcia, CEO –
Carlisle Management Company |
Industry pros will present their view on when, why,
and how pension fund managers
should consider this asset class. |
| |
|
11:15 AM – 12:00 PM |
|
Breakout Session |
| |
|
Distressed Portfolios |
Duffy & Columbia, 7th
floor
|
|
Moderator: Bryan Freeman, President – Habersham
Funding, LLC; Board Member – LISA |
|
David Dorr,
President – Life Exchange |
|
Tom Moran, President & CEO – Asset Servicing Group,
LLC |
| |
Commonly understood,
distressed portfolios represent a surplus of supply
in today’s
current life settlement market. This panel will
discuss the conditions surrounding these
portfolios, their impact on the current market and
how they can be leveraged.
The panel will assist investors in understanding the
nature of these portfolios and
identifying the intrinsic value and risks.
Importantly, the panel will lead a forthright
discussion on how investors can best avoid allowing
their life settlement investments
from becoming distressed in the first place. |
| |
|
11:15 AM – 12:00 PM |
|
Breakout Session |
| |
|
Public Awareness of
the Life Settlement Option: Independent Outreach
Efforts |
Soho Complex, 7th
floor
|
|
Moderator: Doug Head,
Executive Director – LISA |
|
Rob Haynie, Managing
Partner – Life Insurance Settlements, Inc.; Board
Member – LISA |
|
Larry Simon, President – Life Settlement Solutions |
|
Paul Seigert, President and CEO – Insurance Studies
InstituteStuart Egrin, Director of Regulatory
Affairs - Invescor, Ltd |
Life Settlements are under media scrutiny and the
scope of public misunderstanding
is phenomenal. Hear this panel of leaders
confronting the issues discuss their
initiatives and the problem of message and
delivery. How should LISA and its members
deal with the issues: marketing, scholarship,
training, media approaches will be discussed. |
| |
|
12:00 PM – 1:00 PM |
|
Networking Luncheon |
Broadway Lounge, 8th
floor
|
| |
|
1:00 PM – 2:00 PM |
|
Overcoming Privacy and
Confidentiality Issues |
Astor Ballroom, 7th
floor
|
|
Moderator: Kathleen Birrane, Esq., Senior VP and
General Counsel – Maple Life Financial, Inc. |
|
Brian T. Casey, Partner – Locke Lord Bissell &
Liddell, LLP; Board Member – LISA |
|
David Dorr,
President – Life Exchange |
|
Jacob Simon,
President – Data Life, Inc. |
|
Mark Venn, Managing Director and CEO – ClearLife |
|
Ryan Danz, Esq., Principal – Torrey Pines Services,
LLP |
The issues of
privacy of the insured and confidentiality of
medical records and other
personal information is of key concern to life
settlement brokers, life settlement
providers, financing entities and service companies
that track the lives of insured's.
Currently, there are federal and state laws (HIPPA
and Baby HIPPA) that address privacy
of medical records. Pending federal legislation
will ensure greater protection for social
security numbers. As states consider additional
life settlement regulation and
legislation, privacy is a recurring theme. This
panel will examine the privacy and
confidentiality issues that affect the business of
life settlements and propose possible
solutions to this widespread issue. |
|
2:00 PM – 2:30 PM |
| |
|
LISA PAC Meeting – Members Only Meeting |
Astor Ballroom, 7th
floor
|
|
Mark Goode, CEO- The Peninsula Group, LLC; Vice
President - LISA; Committee Chair – LISA PAC |
|
Russell Dorsett, Director – Veris Settlement
Partners; President – LISA |
|
Bryan Freeman,
President– Habersham Funding, LLC; Board Member –
LISA |
| |
LISAPAC’s Political Action Efforts will be reviewed
for persons who have authorized
the necessary documents for this meeting. Please
know that all Members are welcome,
but that those who have not signed as required by
Federal Campaign Law at the time of
the meeting must be excluded. The presentation
will outline the goals and objectives
of the PAC for the coming year. |
|
2:30 PM – 3:15 PM |
|
LISA Board Report to Members – Members Only Meeting |
Astor Ballroom, 7th
floor
|
| |
|
Russell Dorsett, Director – Veris Settlement
Partners; President – LISA |
|
John McCarroll, Vice President– Q Capital
Strategies; Vice President – LISA |
|
Mark Goode, CEO – The Peninsula Group, LLC; Vice
President - LISA |
|
Brad Thompson, President – Fidelity Assurance
Associates, LLC; Secretary – LISA |
|
William Potoczak, President – Mills, Potoczak and
Company; Treasurer – LISA |
|
Brian Casey, Partner – Locke Lord Bissell &
Liddell, LLP; Board Member – LISA |
|
Bryan Freeman,
President– Habersham Funding, LLC; Board Member –
LISA |
|
Mike Fasano, President – Fasano Associates; Board
Member – LISA |
|
Ramiro Rencurrell, President – Magna Life
Settlements, Inc; Board Member – LISA |
|
Rob Haynie, Managing Partner – Life Insurance
Settlements, Inc.; Board Member – LISA |
|
Scott Gibson, FSA,
MA; Senior VP & Principal - Lewis & Ellis, Inc.;
Board Member – LISA |
| |
LISA’s Board will summarize their efforts with
reports on business of the Association
and the views of the Board on the issues at hand.
Members will be offered the
opportunity to express their view on the priorities
of the Association and the direction
of the Association. Activities of LISA Committees
and Task Forces will be reviewed, with
an active call for Member participation. Closed
Meeting for LISA Members only. |
