New Players in the Market: Who are they and what are they Looking for?
9:00 - 9:50
Are the new players only looking for distressed portfolios at bargain prices or are they here to stay for the long term? Will these new participants begin to infuse much needed capital into the secondary market?
MODERATOR: BRIAN TIJAN, Deutsche Bank
PANELISTS: CLAUDINE DELAVY, Trinity Life Settlements; DAVID MARINOFF, Guggenheim Partners; SCOTT ROSE, Barrett Advisors

Portfolio Purchases: What does it take to Structure a Profitable Life Settlement Pool?
9:55 - 10:55
This panel explores the due diligence necessary to compile portfolios that provide maximum rates of return. Panelists debate whether portfolios should be held to maturity or sold off in bits and pieces.
MODERATOR: JASON JACOBS, Lotus Life
PANELISTS: KATHLEEN BIRRANE, Maple Life; RACHEL COAN, Locke Lord Bissell & Liddell; MICHAEL KRASNERMAN, All Financial; BORIS ZISER, Stroock & Stroock & Lavan

International Investors: Structuring a Tax Efficient Life Settlement Fund in Ireland
11:25 - 11:50
This presentation summarizes the principal U.S. tax issues that can arise in connection with a Life Settlement pool. The speaker examines how structuring vehicles in Ireland can help benefit from the Ireland and U.S. double tax treaty, and how this can mitigate liabilities and facilitate international investment in these types of pools.
SPEAKER: JAMES SOMMERVILLE, A&L Goodbody Solicitors

Best Practices: Will New Guidelines Developed by Trade Groups Bring Confidence to the Market?
11:55 - 12:45
The Institutional Life Markets Association drafted a set of best practices to guide providers, the Major Life Expectancy Providers (LEPrs) developed its own guidelines, the European Life Settlement Association has come up with philosophical standards and the Life Insurance Settlement Association is also working on best practices. Is this a sign of a maturing market or will the varying guidelines cause even more confusion?
MODERATOR: ROBIN WILLI, Rigi Capital Partners
PANELISTS: ZOHAR ELHANANI, Legacy Benefits; MICHAEL FUGLER, Welcome Life Financial Group; CHRISTIAN SEIDL, BVZL; Additional Panelists TBA

Life Expectancy Extension Coverage: Is it Making a Comeback or is it Still Too Expensive?
13:45 - 14:35
Some say this type of coverage will give investors courage to re-enter the market to protect against policies that fail to mature as predicted. Others say the coverage is too expensive to be worthwhile. Panelists discuss the pros and cons of this issue, and examine how this coverage may help the industry.
MODERATOR: ANDREW MURPHY, Mosaic Group
PANELISTS: MATTHEW DAITCH, Transamerica; NEMO PERERA, Risk Capital Partners; PATRICK YAN, Acheron Capital

Setting Up a Regulated Life Settlement Fund in Luxembourg: Is it a Dream or a Nightmare?
14:40 - 15:05
The Luxembourg regulatory authority, The Commission de Surveillance du Secteur Financier (CSSF), recently acquired a set of best practices. Luxembourg continues to be a financial centre where regulated Life Settlement funds can be set up, provided that the fund initiators can demonstrate that they comply with these best practices. The presentation examines asset liability management, liquidity management, control by the Luxembourg management company over the service providers, and independence between various service providers such as valuation vs. asset management, and asset sourcing vs. asset management.
SPEAKER: FRANCIS KASS, Arendt & Medernach - Avocats

The Anatomy of a Tertiary Trade: A Case Study of a Portfolio Transaction
15:35 - 16:25
Participants on the sales side and buy side of a recent deal for a portfolio with US $120 million in face value explain the structure of the deal, and what it took to complete it.
MODERATOR: MARK FREITAG, Living Benefits Financial Group
PANELISTS: STEPHEN MCISAAC, Avon Capital; DAN PASSAGE, O'Melveny & Myers; SHERI TOWNSEND, Asset Servicing Group

Consumer Disclosure Option: Will this be the Year that Life Settlements Become Widely Known in the U.S.?
9:00 - 9:50
Seven states now impose varying rules requiring carriers to let consumers know about Life Settlements. Now that the National Conference of Insurance Legislators (NCOIL) consumer-disclosure option has been adopted, U.S. lawmakers are poised to pass legislation letting people know that they can sell their policies. Panelists debate this and other legislative activity, including whether SEC regulation is on the horizon.
MODERATOR: JACK KELLY, Institutional Life Markets Association
PANELISTS: JULE ROUSSEAU, Arent Fox; NICHOLAS WILLIAMS, Clifford Chance; Additional Panelists TBA

Currency Volatility: How do Life Settlement Funds Cope?
9:55 - 10:20
The U.S. dollar is expected to depreciate during the next few years, dampening the foreign appetite for Life Settlements. Also, regulators are demanding hedges to protect investors. Panelists discuss how currency volatility effects the market, and how funds are coping with this situation.
SPEAKER: JEREMY BRETTELL, SL Investment Management

Litigation Update: Will the Arthur Kramer Insurable-Interest Decision Lift the Cloud Over Much of the Litigation in the Market?
10:50 - 11:40
This panel examines the latest litigation issues in the market, including the significance of the New York state Court of Appeals' Kramer decision, and how this may affect future cases.
MODERATOR: NAT SHAPO, Katten Muchin and Rosenman
PANELISTS: DON HENDERSON, Dewey & LeBoeuf; PETER JAKAB, Fein & Jakab; STEVEN SKLAVER, Susman Godfrey

Unresolved Issues on Best Practices for Life Expectancy Underwriters
11:45 - 12:35
A new life expectancy providers' group that supports restated results over predicted actual-to-expected results, opposes issuing an overall actual-to-expected number and believes the LISA mortality table is flawed. This panel discusses both sides of this controversy.
MODERATOR: DAVID HOUGH, PBL Capital
PANELISTS: MIKE FASANO, Fasano Associates; ROGER TAFOYA, ISC Services; ANDREW TERRELL, Clermont Capital Partners; Additional Panelists TBA

Bank Foreclosures: A Discussion of the Foreclosure Process & Sale
13:45 - 14:35
In some cases, banks and other lenders have refused to renew loans to portfolio managers to pay premiums. This is prompting portfolio owners to seek bankruptcy protection, find buyers for their portfolios or hand over their portfolios to lenders. This panel addresses the options that an institution has and detail what an actual foreclosure auction entails. Topics discussed include legal requirements, auction formats, due diligence, process and contract differences, and the risks that are not specific to these sales.
MODERATOR: STEVEN SHAPIRO, Q. Capital Strategies
PANELISTS: CLIFF BROWN, AKG Advisors; MICHAEL MACALUSO, Morgan Lewis & Bockius; FRANZ-PHILIPPE PRZYBYL, Berlin Atlantic

The Life Settlements Investor Roundtable
14:40 - 15:30
This interactive town-hall style panel of active Life Settlements investors participate in an open Q&A session designed to engage the audience in active discussion about the issues that are important to investors in the market. You don't want to miss this session!
MODERATOR: GARETH MEE, Ernst & Young 
PANELISTS: PHIL HALL, Highland Capital Management; THOMAS HANLEY, Clayton Advisor Group; JEFF MULHOLLAND, Insurance Capital Markets Holdings; ROHIT SHARMA, Chronos Investment

U.K. Advisers: Will Hefty Financial Services Compensation Scheme Levies Force Them Out of the Retail Market?
15:35 - 16:25
In the wake of the Keydata scandal, financial advisers discuss how the levies and costly insurance coverage is making them wary of recommending Life Settlements as investments to their clients and may mean the end of this investment for retail investors in the U.K. A survey by PDL International says more than one-third of financial advisers want more guidance from the Financial Services Agency (FSA), while some want to see more transparency and more support from industry trade groups.
PANELISTS: GARETH FATCHETT, Regulatory Legal Solicitors; GEOFF HARTNELL, Vintage Financial; Additional Panelists TBA