Examining the Current State of the Life Settlements Market
9:00 - 9:25 AM
Our annual state of the market presentation explores the current trends driving the industry, and provides a backdrop for the event with an up-to-date analysis of what's happening in the business.
SPEAKER: ALAN BUERGER, Coventry

Looking Ahead to 2010: An Overview of Current Legislation
9:30 - 10:40 AM
As we head into the fall, it is uncertain that New York and California will pass legislation again this year. This panel of legislators and industry professionals examine the current legislative environment and discuss what lies ahead in 2010.
MODERATOR: MICHAEL FREEDMAN, Coventry
PANELISTS: MICHAEL BOUTWELL, Louisiana Department of Insurance; SEN. RON CALDERON (D), California State Senate; REP. ALAN HAYS (R), Florida House of Representatives; SEN. RALPH HUDGENS (R), Georgia State Senate; SCOTT KIPPER, Nevada Division of Insurance

Federal Oversight: Is Increased Regulation of the Market Coming?
11:15 - 12:05 PM
More federal oversight of the Life Settlement market may be likely in the future following what many observers viewed as an unfriendly U.S. Senate committee hearing earlier this year. The hearing concluded that the industry is inconsistently regulated by the states. This panel examines what type of scrutiny could be coming from federal securities regulators, and how you can prepare yourself for when it comes.
MODERATOR: BRIAN CASEY, Locke Lord Bissell & Liddell
PANELISTS: KATHLEEN BIRRANE, Maple Life Financial; SCOTT PEDEN, Life Partners; NADEEM WAEEN, The Peninsula Group; ERIC WERNER, Securities and Exchange Commission

Disintermediation: Are Intermediaries Being Squeezed Out of the Market?
12:10 - 1:00 PM
As the market evolves, providers are increasingly cutting out Life Settlement brokers to do deals directly with producers or financial advisors. This panel examines whether or not bypassing intermediaries will make the market more efficient and transparent or ultimately reduce the value of the transaction.
MODERATOR: STEVE SHAPIRO, Q Capital Strategies
PANELISTS: RUSSEL DORSETT, Veris Settlement Partners; ZOHAR ELHANANI, Legacy Benefits; ROBERT FINFER, Integrity Capital Partners; THOMAS POVEDANO, The Institutional Life Companies

A New Day for Securitization: The Power to Attract New Investors
2:00 - 2:50 PM
During a time of scarce capital, will securitization of Life Settlement portfolios encourage new investors to step into the market? This panel explores how securitization is beginning to expand warehouse facilities to companies that aggregate Life Settlements into pools large enough to securitize.
MODERATOR: JON NELSON, Back Bay Group
PANELISTS: JAN BUCKLER, DBRS; EMMANUEL MODU, A.M. Best Company

Mitigating Extension Risk in a Life Settlement Portfolio
2:55 - 3:15 PM
Extension risk is the loss that occurs when mortalities take place later than originally predicted. This presentation examines actuarial solutions and techniques that can be used to mitigate the extension risk in a Life Settlement portfolio.
SPEAKER: IAN COTGIAS, Surrenda-link Investment Management

Hedging Longevity Risk
3:15 - 3:35 PM
This presentation examines longevity and extension hedging, and gives examples of how to hedge the liquidity and credit risks associated with a Life Settlement pool.
SPEAKER: JIM ASPINWALL, Florida Southern College

Transparency: Information Imperatives for the Evolution of an Institutional Asset Class
4:00 - 4:50 PM
Access to reliable and consistent information on asset quality, valuation, pricing, and transaction costs is essential to the development of any institutional investment market. The Life Settlement market is no different. This panel explores the benefits of transparent reconciliations of funds, face value, surrender value, gross price, compensation and proceeds and the allocation of all funds involved in the transaction.
MODERATOR: KURT GEARHART, Credit Suisse Securities
PANELISTS: MARTIN BRASS, Eagil Life Settlements; JON MENDELSOHN, Ashar Group; RAMIRO RENCUREL, Magna Life Settlements

Exploring the Synthetic Market and Longevity Swaps
4:55 - 5:45 PM
Will the continued emergence of the use of synthetic products, and a recent increase of groundbreaking longevity swaps have an impact on the market? This panel examines the advantages and disadvantages of synthetic longevity instruments and what this means for investors.
MODERATOR: SANDRA GIUFFRE, Longevity Risk Solutions
PANELISTS: PAUL MEYER, Clifford Chance; ANDREW TERRELL, Avon Capital 

Life Expectancies: Best Practices to Improve Reliability
9:00 - 9:50 AM
Life expectancies are a significant factor in determining the value of a life insurance policy. In the past year, the major life expectancy underwriters have revised their mortality tables in an attempt to achieve more accurate results. What best practices have been instituted to improve the reliability of current mortality tables?
MODERATOR: MIKE FASANO, Fasano Associates
PANELISTS: VINCENT GRANIERI, 21st Services; EDWARD HUI, Caldwell Funding; PHIL LOY, AVS

The Impacts of Mortality Tables and the Financial Crisis on Open-Ended Funds
9:55 - 10:15 AM
How have open-ended funds performed in the current market climate? Using historic performance data, this presentation reviews the last twelve months with a particular focus on actions and trends, impacts on assets under management, liquidity and fund structures.
SPEAKER: BEAT HESS, AA Partners

Pension Funds: Are Life Settlements a Suitable Alternative Investment?
10:20 - 10:40 AM
This session examines how investing in Life Settlements may present an option for pension funds seeking an alternative financial vehicle that delivers more consistent returns. 
SPEAKER: OLIVIER MATHEY, Peachtree Asset Management

What to Consider When Purchasing Distressed Portfolios
11:00 - 11:50 AM
As the recession and changes in life expectancies put investors under pressure to raise cash, owners of distressed portfolios continue to shop their portfolios. These portfolios have flooded the market because owners have either run out of funds to pay the premiums, or they have lost value if they were based on shorter life expectancy estimates. Buyers can get favorable deals, but are they worth the risk?
MODERATOR: MICHAEL BROWN, Back Bay Group
PANELISTS: RANIERO D'AVERSA, Orrick, Herrington & Sutcliffe; ALEXI PORETZ, Sidley Austin

Internal Revenue Service Tax Rulings: Impacts on Consumers & Investors
11:55 - 12:55 PM
Industry representatives are concerned about the implications of two Internal Revenue Service tax rulings, and some say they have created more questions than answers. This panel explains the rulings, which cover four areas, and have resulted in mixed results for sellers and investors.
MODERATOR: YORAM KEINAN, Greenberg Traurig
PANELISTS: MICAH BLOOMFIELD, Stroock & Stroock & Lavan; STEVEN HOOE, Internal Revenue Service; STEVEN HUTTLER, Sadis Goldberg; WAYNE KELLNER, Rothstein Kass; MARKUS WEBER, International Life Settlements Prosperity

Fraud in the Life Settlement Market
2:00 - 2:30 PM
This presentation discusses recent efforts to uncover fraud in the Life Settlement and premium finance markets.  Fraud cases involving misrepresentations on applications, bid-rigging, Ponzi schemes and multi-state enforcement efforts to crack down on scams.
SPEAKERS: LEE BARRY, Office of Consumer Protection Services, New Jersey Department of Banking and Insurance; BRYAN FREEMAN, Habersham Funding

Litigation Update: How the Latest Court Rulings are Shaping the Market
2:35 - 3:25 PM
Litigation relating to Life Settlements continues to proliferate. This panel of experts dissects the major litigation pending in the market, and explain how the outcome can substantially impact your business.
MODERATOR: JAMES MAXSON, Morris, Manning & Martin;
PANELISTS: MICHAEL MULVANEY; Maynard & Cooper & Gayle; CHIAHUA PAN, Morrison & Foerster; NAT SHAPO, Katten Muchin Rosenman

Securities Class Actions Trends: Lessons Learned & What to Expect
3:30 - 3:55 PM
This presentation examines disclosure and risk management issues associated with the securities class action cases that have been filed and what can be expected from yet to be filed cases. The session focuses on indirect actions by companies that invest in these securities, and direct actions by the first level investors.
SPEAKER: ADAM SAVETT, RiskMetrics Group

Overseas Investment: Where Is the Money Coming From?
4:00 - 4:50 PM
Global investors continue to show interest in the U.S. Life Settlements market. This panel examines where current interest is coming from, and what parts of the world are poised to penetrate the market.
MODERATOR: JOSE GARCIA, Carlisle Management
PANELISTS: JONAS MARTENSON, Resscapital AB; ANDREW MURPHY, Mosaic Management Group