Sep 02, 2010 08:01AM

Distressed Life Settlement Portfolio Services

Track-Life L.L.C. announced it is helping hedge funds and investment groups manage an increasing number of distressed life settlement portfolios that include complex premium-financed policies. The company, which offers technology and services to portfolio managers for evaluating life settlements, says it recently began evaluating portfolios for banks and institutional investors that have taken ownership of life [...]

Jul 28, 2010 06:11AM

Lifemark and CarVal deal looks like it won?t happen

Lifemark investors could be forced to rely on the Financial Services Compensation Scheme (FSCS) to bail them out as talks between the troubled life settlement vehicle and CarVal Investors collapse. US hedge fund CarVal has walked away from a £40 million restructuring deal which would have seen 25,000 Lifemark investors repaid over a 14-year-period, according to [...]

Apr 30, 2010 12:51PM

Florida Insurance Agent Arrested in STOL Scheme

A Florida insurance agent was arrested on numerous counts of alleged fraud and grand theft in connection with a stranger-originated life insurance (STOLI) scheme involving $78 million in death benefits, according to the Florida Department of Financial Services. Steven Brasner of Infinity Financial Group in Boynton Beach, Fla., was arrested at his office and booked into [...]

Mar 19, 2010 11:10AM

Keydata Life Settlement Clients wait for plan?

Keydata Lifemark clients wait for restructure plan Thousands of Keydata clients with life settlement products invested with Lifemark face a further wait to discover if they will recover their money as the company?s directors continue to work on a restructuring plan. Lifemark announced on March 2 that a number of bonds underpinning several retail investment products provided [...]

Feb 25, 2010 09:45AM

Wisconsin Billed aimed at Life Settlement Fraud

Senate Bill 513 is aimed at helping prevent Life Settlement Fraud in Wisconsin. Currently the industry is unregulated in Wisconsin, which opens the door for fraud and abusive sales practices. Not to say that all life settlements are fraudulent ? they certainly are not. AARP members fall into the age category where abuse typically occurs, which [...]