ORLANDO, FL -- 11/02/09 --
Open, unvarnished dialogue is the order of the
day at the 15th Annual Fall Life Settlement Conference in New York City
next month. The Life Insurance Settlement Association (LISA), as it has
for a decade and a half, will convene a frank discussion on issues which
have sent shockwaves through the life settlement industry. "We are the
Voice of the Industry. Our fall conference will facilitate an honest and
free exchange of ideas on the most pressing issues in this industry,"
declared LISA Executive Director Doug Head. Among the issues at the center
of LISA's fall conference is the reliability of life expectancy data as
well as the onslaught of public interest, informational investigations of
industry practice, and industry press coverage in recent months.
On November 8-11, financial professionals from all walks will meet at the
Marriott Marquis Hotel in New York City to address what U.S. Sen. Herb Kohl
(D-Wisconsin) called "burgeoning multi-billion dollar industry that has
exploded in recent years." Representatives from leading investment banks,
hedge funds, securities investment firms as well as policy makers and
regulators will be in attendance.
A year ago, revised life expectancies caused uproar among investors who
felt that they had been thrown a curve ball. However, a new study to be
released on November 4th, in the current issue of Life Settlement Review,
finds that LE data among providers is similar, remains sound and continues
to offer investors and sellers a fair price. The findings of the Life
Settlement Review Study will be thoroughly discussed during several panels
held over two days at the 15th Annual Fall Conference.
In a fascinating forum, representatives of various agencies involved in the
regulation of Securities will present their views on current initiatives to
more fully vet the interests of investors in the settlement market. Each
of these agencies, the SEC, FINRA and NASAA, has undertaken and publicly
noticed their efforts and initiatives in the arena. Also, a significant
panel of experts will review tax developments with a view to focusing on
prospective issues and the thorny reality of some current tax rulings, in
order to improve the operational understanding of tax-paying or reporting
entities. Other panels will deal with the industry's development of best
practices and measurement and marketing of the industry.
Also presenting will be Jenny Anderson, a long time business writer with
The New York Times. Her article on life settlement securitizations in The
New York Times created keen interest over whether Wall Street was treading
in risky waters with life settlement securitizations. The article was
repeatedly referenced during a hearing of the House Subcommittee on Capital
Markets, Insurance, and Government Sponsored Enterprises earlier this fall,
because it raised concerns among some lawmakers that unbridled growth of
life settlement securitizations could create new systemic risks to the
economy. Ms. Anderson will participate in a panel formed to address their
approaches to media coverage of life settlements. The panel, moderated by
Jim Connolly, managing editor of Life Settlement Review, will also include
Lauren Young, personal finance editor with BusinessWeek, Donna Horowitz,
senior editor of Life Settlement Report, and Darla Mercado, a reporter with
Investment News.
"This much is certain: the life settlement industry faces major challenges
and opportunities in the coming years, both, from an investment and a
regulatory standpoint," remarked Russel Dorsett, LISA President. "The
ideas and solutions we advance in New York will impact the years ahead.
Over 90% of the industry will be represented. From a financial
perspective, this is not an event you can afford to miss."
The fall conference will open with a pre-conference Life Settlement
Investor Workshop. The workshop is exclusively designed to advance the
knowledge and expertise of qualified institutional investors. You may
register for the workshop here:
http://www.thevoiceoftheindustry.com/conference/2009/15fall/workshop/.
The fall conference is just days away. LISA offers a variety of reductions
and incentives to interested registrants. Please review all conference
information here:
http://www.thevoiceoftheindustry.com/conference/2009/15fall/ or contact the
LISA Events Department directly at: events@lisassociation.org.
Established in 1994, the Life Insurance Settlement Association is the
oldest and largest trade organization in the industry. Its goal is to
promote the development, integrity, and reputation of the life settlement
industry, and to promote a competitive market for the people it serves.
LISA now represents over 140 members with a wide variety of interests in
the industry. For more about the association, visit
www.thevoiceoftheindustry.com.
Contact:
LISA Events Department
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