ACLI Addresses Over 200 at Fasano Life Settlement Conference

WASHINGTON--(BUSINESS WIRE)--

Michael Lovendusky, Vice President & Associate General Council of the American Council (ACLI), addressed over 200 investors and industry participants attending the 8^th Annual Fasano Life Settlement & Longevity Conference. Lovendusky discussed the communication gap that he believes exists between the ACLI and the Life Insurance Settlement Association (LISA), the largest trade association representing the life settlement industry. Said Mike Fasano, President of Fasano Associates: “Michael's comments were frank, and I know that many in the audience did not agree with him; but I think it is very important that we have a direct and honest dialogue with the life insurance industry, even when we don't agree. When all is said and done, we have more to gain from each other than not.”

Fasano added: “I was very pleased with the turnout and the mix of attendees. We had over 220 registered, of which 35% were investors and financial institutions, 26% were professionals and 17% were providers. I think this is encouraging for the future of our industry.”

The Fasano Conference included a number of investor focused presentations, including a discussion of the Role of Life Settlements in a Fixed Income Portfolio by David Miles, CEO of Miles Capital, and the views of Matt Popoli, Senior Managing Director of Reservoir Capital, on pricing and valuation challenges for the life settlement market.

Dr. Jochen Russ, Managing Partner of the Institute for Finance and Actuarial Studies, presented original research that illustrated inconsistencies with past trends for mortality improvement projections found in both German and U.S. mortality tables. In addition, Dr. John Iacovino, Senior Medical Director at Fasano Associates, presented an analysis of Respiratory Impairments and Older Age Mortality, while Alan Morris, Director of Financial Risk Management at KPMG, discussed Key Considerations in Developing Portfolio Valuations.

The Conference ended with a presentation by Deutsche Bank's Dr. Pretty Sagoo on the role of the U.K. based Life & Longevity Markets Associations (LLMA) in Longevity Markets and a “point – counterpoint” discussion between Phil Hall, Managing Director of Highland Capital, and Dan Knipe, Life Portfolio Manager at Leadenhall Capital Partners, as to Whether Pension Funds should be Long or Short on Life Settlements.

DVDs of the Fasano Conference will be available to those who were unable to attend the Conference. Information on purchase of the Conference DVD can be found at www.fasanoassociates.com.

About Fasano Associates:

Fasano Associates is a leading underwriting consulting firm serving the life, health and life settlement industries.