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May 12th, 2009
STAMFORD, Connecticut - Michael Krasnerman, CEO of AllFinancial Group LLC and one of the pioneers of the life settlement industry will speak at the International Life Settlements Conference in London on May 20, 2009 on “How to Price Distressed Portfolios.”
AllFinancial Group LLC is a vertically integrated group of companies within the life settlement industry and has originated approximately US$2 billion in life settlements and life insurance. AllFinancial is the industry’s strongest advocate of the need to align the economic interests of investors with those companies who source and underwrite the acquisition of life settlement policies.
Lecturing on “Addressing Investor Needs” at the May 2009 Life Insurance Settlement Association’s conference in New York City, AllFinancial Group’s General Counsel, Dan Goldman, challenged standard industry practices by declaring:
- There should be an alignment of economic interests between investors and the originators who deliver them policies. As long as life settlement providers and other vendors reap exorbitant fees based upon the volume of transactions closed, rather than the performance of life settlement portfolios, investors will suffer. - The industry is emerging from a decade where unrealistically short life expectancy estimates dominated the market, and conservative life expectancy providers never captured significant market share. - Now, supply outstrips demand, life expectancies have become more conservative and policies can be bought at prices that could justify a buy-and-hold strategy. - Investors should beware of “stealth” policies (stranger-originated policies disguised as traditional life settlements). These policies are designed to hide, not just from insurance carriers, but also from future investors their true ownership structure. - There is an unprecedented supply of policies from distressed sellers and bargains abound. But investors should shed failed paradigms which reward originators for producing high volumes of transactions, regardless of the quality of acquired policies.
Michael Krasnerman, speaking on the depth of AllFinancial Group’s experience, remarked: “In the past fourteen years, AllFinancial has done origination, lending, trading, brokering and servicing. Now, AllFinancial is actively co-investing with other investors as part of its long term investment strategy.”
If you wish to contact Michael Krasnerman or Daniel Goldman kindly call Investor Relationship Director Cora Knight at +1-203-964-1200×26 or at ck@allfinancialgroupllc.com
Source: AllFinancial Group LLC
To reach Michael Krasnerman or Daniel Goldman, kindly call: Cora Knight, Investor Relationship Director, +1-203-964-1200 x26, ck at allfinancialgroupllc.com
Filed under Banking and Financial Services, Business, Insurance, Trade Show | Tags: AllFinancial Group LLC, Connecticut, Scandinavia, Speak, Stamford, Western Europe | Comment Below
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