For Sophisticated Securities Investors, Investment Bankers, Hedge Fund Managers and Private Equity Fund Managers

Transcription

1 Financial Research Associates, LLC Proudly Presents: For Sophisticated Securities Investors, Investment Bankers, Hedge Fund Managers and Private Equity Fund Managers January 18-19, 2007 The Princeton Club Midtown Manhattan Our Distinguished Speaking Faculty: Michael T. Crane DEUTSCHE BANK AG (London) William A. Sullivan UBS SECURITIES LLC Brian Casey LORD, BISSELL & BROOK LLP Larry Simon LIFE SETTLEMENT SOLUTIONS HABERSHAM FUNDING Emmanuel Modu A.M. BEST CO. Adam I. Balinsky BAKER & MCKENZIE LLP Meir Eliav LEGACY BENEFITS CORPORATION Jay Eisbruck MOODY'S INVESTORS SERVICE Thomas Laumont HVB FONDSFINANCE GMBH BVZL ASSOCIATION David Dorr LIFE-EXCHANGE Sean McNealy ADVANCED SETTLEMENTS Elliot Kroll HERRICK, FEINSTEIN LLP Brian K. Staples RIGHT LLC Former Director of Life Insurance, KENTUCKY DEPARTMENT OF INSURANCE Daniel F. Passage O'MELVENY & MYERS Robert Simon 21ST SERVICES Steve Boger MILLIMAN INC. Stephen L. Ziegler, Esq. STEPHEN L. ZIEGLER, P.A. Jolene D. Fullerton SECONDARY LIFE CAPITAL, LLC Craig Seitel ABACUS SETTLEMENTS Pete Ritter O'MELVENY & MYERS LLP Justin Finemel RIDGE CAPITAL GROUP Mark Ross XE-R, LLC Scott J. Cipinko LIFE INSURANCE FINANCE ASSOCIATION Paul Meyer CLIFFORD CHANCE US Platinum Sponsor Silver Sponsor Profit from New Investment Opportunities with Non-Correlated Returns! Premium Financing, Secondary Life Insurance Securitization, and the Life Settlement Markets Hear how and why investors are incorporating secondary life insurance into their portfolios as an alternative investment strategy Premium financing Will the high returns continue? Get the latest on this high-performance investment! Securitization of the secondary life market the future of this emerging product Hear from the industry s top experts and leading investors! Tackle the latest regulatory and political issues Electronic life settlement trading explore emerging technologies in the secondary life market Examine pricing methodology of secondary life assets Hear about emerging investment opportunities in Europe and how you can benefit Asset acquisition and maintenance in the secondary life market learn what investors need to know to profit in this market Exclusive Pre-Conference Workshop: The Secondary Life Market Investing 101 Learn the basics of investing in the secondary life insurance market including an overview of the products (life settlements, premium financing, premium corporate financing, and securitization), the market structure, processes, and investment strategies.

2 The Conference Sponsor Financial Research Associates provides the financial community with access to business information and networking opportunities. Offering highly targeted conferences, FRA is a preferred resource for executives and managers seeking cutting-edge information on the next wave of business opportunities. Please visit for more information on upcoming events. Dear Colleague: It is our pleasure to announce the upcoming Emerging Investment Strategies in the Secondary Life Market conference. Our conference brings together the industry s top experts and leading sophisticated investors in the secondary life market to help you understand how you can best incorporate this unique market into your portfolio. The secondary life insurance market is ripe for sophisticated investors. This unique market whose face value is estimated to reach $45 billion by 2007 and whose returns, uncorrelated to the S&P 500, are expected to reach double digits has investors clamoring to enter it through a variety of investment vehicles. In this conference we will examine the emerging investment strategies and products including, the latest in securitization and premium financing, to help you learn how you can benefit from this growing investment class! We look forward to greeting you in New York! Sincerely, Michael T. Crane Michael T. Crane DEUTSCHE BANK AG (London) Conference Co-Chairman HABERSHAM FUNDING Conference Co-Chairman Special Thanks to our Conference Sponsors Special Thanks to our Conference Supporters: Official Publications and Media Partners: Benefit from our Pre-Conference Workshop The Secondary Life Market Investing 101 Unravel the complexities of the secondary life insurance market and learn how to incorporate this unique asset class into your portfolio. This half-day primer introduces sophisticated securities investors, investment bankers, hedge fund managers and private equity fund managers to the basics of investing in the secondary life insurance market including: Definition, history and theory Market structure and product flow A product overview: Life settlements, premium financing, premium corporate financing and securitization The current regulatory and political atmosphere surrounding the secondary life market Entrance and exit strategies The players providers, brokers, investors etc. The potential operational challenges and the financial rewards Platinum Sponsor: Life Settlement Solutions, Inc. is the premier provider (funder) in the life settlement market. We are a direct purchaser of life insurance contracts whose firm and management have purchased well in excess of $1 billion in aggregate face value. Our management has extensive experience in the insurance, investment, legal and capital markets industries. Life Settlement Solutions, Inc. has the strongest buying capability in the industry, renowned due-diligence and compliance processes, is fully funded by institutional sources and has a track record of efficient and competitive pricing for life insurance contracts. Our capabilities and expertise are unmatched in the settlement industry. Life Settlement Solutions, Inc. adheres to the strictest safeguards to protect the privacy of client information. We exclusively use well-respected institutions to provide investment capital, serve as trustees and provide escrow services. Life Settlement Solutions, Inc. strives to support each customer s needs and will never circumvent broker or client relationships. Contact us today to find out what we can do for you. For more information about Life Settlement Solutions, Inc., call or visit Silver Sponsor: 21st Services was established 1998 to provide a full range of services for the life settlement industry. Today we are a leading provider of life expectancy evaluations and many other services. Our senior life expectancies are based on a proprietary software program; the first of its kind. It uses a customized version of the 2001 VBT Table coupled with more than 100 risk factors to tailor life expectancies to an individual s health and functional status. 21st Services is an independent service provider that prides itself on innovation and client service.

3 Thursday, Day One, January 18 8:00 9:00 Registration and continental breakfast for workshop attendees PRE - CONFERENCE WORKSHOP 9:00 12:00 Pre-Conference Workshop The Secondary Life Market Investing 101 Learn the basics of investing in the secondary life insurance market including an overview of the products (life settlements, premium financing, premium corporate financing, and securitization), the market structure, processes, and investment strategies. Workshop Leaders: Sean McNealy, President ADVANCED SETTLEMENTS Elliot Kroll, Partner HERRICK, FEINSTEIN LLP Larry Simon, CEO LIFE SETTLEMENT SOLUTIONS 12:00 1:00 Luncheon for workshop attendees MAIN CONFERENCE 12:00 1:00 Registration for main conference attendees 1:00 1:15 Co - Chairperson s Welcome Michael T. Crane, Director, Global Markets DEUTSCHE BANK AG (London) 1:15 1:45 KEYNOTE: Life Settlements the Bear, the Bull and the Rainbow Brian K. Staples President, RIGHT LLC Former Director of Life Insurance KENTUCKY DEPARTMENT OF INSURANCE 1:45 2:30 EXPERTS ROUNDTABLE: Emerging Portfolio Investment Strategies in the Secondary Life Market Hear how and why investors are incorporating secondary life insurance into their portfolios as an alternative investment strategy: Leverage and securitization Derivative structures Risks associated with secondary life insurance, and risk mitigation techniques Life insurance as a significant asset class Craig L. Seitel, CEO ABACUS SETTLEMENTS, LLC William A. Sullivan, Executive Director UBS SECURITIES LLC Michael T. Crane, Director, Global Markets DEUTSCHE BANK AG (London) 2:30 3:00 Break Keynote Sponsor: 3:00 3:45 Essential Elements in Life Insurance Premium Finance Transactions What investors need to know prior to entering the market: Foundation for sound program structure Learn the latest challenges & opportunities in the premium finance market: Critical legal issues Carrier reactions Regulatory overview Brian Casey, Partner LORD, BISSELL & BROOK LLP Mark Ross, President and Chief Executive Officer XE-R, LLC Justin Finemel,CEO RIDGE CAPITAL GROUP 3:45 4:45 The Future of Securitization in the Secondary Life Market Examine the lines of the life insurance business that can be securitized Review recent developments and activities rating agency concerns Discuss insurable interest issues Ratings, swap markets Who are the players? What are the impediments to securitization of life settlement pools? Lessons learned in past securitization attempts Panelists: Emmanuel Modu, Managing Director, Structured Finance A.M. BEST CO. Meir Eliav, President LEGACY BENEFITS CORPORATION Jay Eisbruck, Managing Director MOODY'S INVESTORS SERVICE William A. Sullivan, Executive Director UBS SECURITIES LLC Moderator: Adam I. Balinsky, Partner BAKER & MCKENZIE LLP 4:45 5:45 Cocktail Hour 5:45 Day 1 Adjourns Who Will Attend? Hosted by Life Settlement Solutions Securities Investors, Investment Bankers Life Settlement Companies Private Equity Fund Managers Premium Finance Companies Hedge Fund Managers Service Providers & Brokers Pension Plans & Endowment Funds Secondary Life Technology Providers Mutual Fund Managers

4 Friday, Day Two, January 19 8:00 9:00 Continental breakfast 9:00 9:15 Co - Chairperson s Day 2 Welcome President, HABERSHAM FUNDING 9:15 10:15 Regulatory and Political Update Property rights NAIC Model Act The latest on state regulations NASD considerations Impact of premium financing industry: Recent NAIC hearings ACLI proposal Brian Casey, Partner LORD, BISSELL & BROOK LLP President, HABERSHAM FUNDING Scott J. Cipinko, Managing Director LIFE INSURANCE FINANCE ASSOCIATION 10:15 10:30 Break 10:30 11:15 Service Provider & Technology Showcase Learn how systems and technology support can service strategic concerns: B2B software Hear about electronic life settlement trading Reporting and compliance tools Back office support Speaker: David Dorr, President and Founder LIFE-EXCHANGE *For information about joining this panel, please call Christy Tester at Lawyers, Consultants, Rating Companies Family Office Money Mangers Insurance Companies Institutional Money Managers Re-Insurance Companies Financial Advisors Tax Attorneys Trustees Accountants 11:15 12:00 What Investors Need to Know: Asset Acquisition and Maintenance Who are the strategic partners? How do you acquire policies and best maintain them? Review the various documentation and transactional issues What are the greatest challenges? Stephen L. Ziegler, Esq. STEPHEN L. ZIEGLER, P.A. Jolene D. Fullerton, Legal Counsel SECONDARY LIFE CAPITAL, LLC Larry Simon, CEO LIFE SETTLEMENT SOLUTIONS Paul Meyer, Partner CLIFFORD CHANCE US 12:00 1:15 Lunch 1:15 2:15 The Global Perspective Hear What s Happening Abroad and How You Can Benefit Hear the benefits and challenges of offshore structures & taxation Interest expense deductions Hear the latest in regulations in Europe Discuss emerging investment opportunities abroad Thomas Laumont Executive Vice President, International Business and Sales HVB FONDSFINANCE GMBH Chairman, BVZL ASSOCIATION Daniel F. Passage, Partner O'MELVENY & MYERS Pete Ritter, Tax Partner O'MELVENY & MYERS LLP 2:15 2:30 Break 2:30 3:30 Examine the Pricing Methodology of Secondary Life Assets Life expectancy Carrying costs Models Medical underwriting Robert Simon, Chief Financial Officer 21ST SERVICES Steve Boger, Consulting Actuary MILLIMAN INC. 3:30 Conference Adjourns

5 Sponsorship and Exhibit Opportunities Enhance your marketing efforts through sponsoring a special event or exhibiting your product at this event. We can design custom sponsorship packages tailored to your marketing needs, such as a cocktail reception or a custom-designed networking event. To learn more about sponsorship opportunities, please contact Christy Tester at or ctester@frallc.com. Top Reasons to Attend Hear how and why sophisticated investors are incorporating secondary life insurance into their portfolios as an alternative investment strategy Determine which emerging strategies will most benefit your portfolio Premium financing and premium corporate financing Will the high returns continue? Hear the latest regulations and political efforts surrounding this high-performance investment Discuss new opportunities and recent developments in the securitization of the secondary life market Barriers to entry Hear the latest regulatory issues and political challenges from the industry s leading experts Explore emerging technology solutions including electronic life settlement trading Hone in on the complex pricing issues affecting secondary life assets Gain insights from our global panel Learn what s happening in Europe and how you can benefit Learn what investors need to know about asset acquisition and maintenance For new investors, our workshop introduces them to the investment basics of this $45 billion dollar secondary life market including concepts, strategies and processes Four Easy Ways to Register: Four Easy Ways to Register: Fax: Mail: Financial Research Associates NE Cedar Drive Battle Ground, WA Phone: Online: Emerging Investment Strategies in the Secondary Life Market January The Princeton Club of New York 15 West 43rd Street (between 5th and 6th Avenues) New York, NY Telephone: (212) Fax: (212) If you require overnight accommodation for this conference, please contact any of the following nearly hotels to check their best available corporate rate over this time frame or consult your local travel agent. Please note that FRA has not negotiated rates with any of these hotels. Book early! Hotels will sell out. AREA HOTELS Mansfield Hotel (212) Algonquin Hotel (212) City Club Hotel (212) Royalton Hotel (212) Iroquois Hotel (212) Sofitel Hotel (212) Fees and Payments: The fee for attendance for the Workshop and the Main Conference is: $1995 The fee for attendance for the Main Conference is: $1695 Please make checks payable to Financial Research Associates, and write code B409 on your check. You may also pay by Visa, MasterCard, American Express, or Discover. Purchase orders are also accepted. Payments must be received no later than January 11, Group discounts are available; for more information, please call Mary Applegate at or her at mapplegate@frallc.com. Cancellations: If we receive your request to cancel 30 days or more prior to the conference start date, your registration fee will be refunded minus a $175 administrative fee. Cancellations occurring between 29 days and the first day of the conference receive either a 1) $200 refund; or 2) a credit voucher for the amount of the original registration fee, less a $175 administrative fee. No refunds or credits will be granted for cancellations received after a conference begins or for no-shows. Credit vouchers are valid for 12 months from the date of issue and can be used by either the person named on the voucher or a colleague from the same company. Please Note: For reasons beyond our control it is occasionally necessary to alter the content and timing of the program or to substitute speakers. Thus, the speakers and agenda are subject to change without notice. In the event of a speaker cancellation, every effort to find a replacement speaker will be made.

6 Financial Research Associates, LLC Proudly Presents: For Sophisticated Securities Investors, Investment Bankers, Hedge Fund Managers and Private Equity Fund Managers January The Princeton Club Midtown Manhattan Exclusive Pre-Conference Workshop: The Secondary Life Market Investing 101 Learn the basics of investing in the secondary life insurance market including an overview of the products (life settlements, premium financing, premium corporate financing, and securitization), the market structure, processes, and investment strategies. Platinum Sponsor Register Now! Call or visit us at Emerging Investment Strategies in THE SECONDARY LIFE MARKET Fax: h Mail: Financial Research Associates NE Cedar Drive Battle Ground, WA ( Call: Online: Yes, Register me Conference and Pre-Conference Workshop.$1995 (Workshop: The Secondary Life Market - Investing 101) Conference Only.$1695 Please call me: I m interested in a group discount for my team Please call me: I m interested in exhibition or sponsorship opportunities at this event. I wish to receive updates on FRA s upcoming events via fax, and phone. Signature: Name Title Financial Research Associates st Ave. Suite Capitola, CA Method of Payment: Check Credit Card P.O. Card type: MasterCard Visa Discover Amex Card Number Exp.Date Name on Card Signature PRSRT STD U.S. POSTAGE PAID BURLINGTON,VT PERMIT NO. 21 Make check payable to Financial Research Associates and write B409 and the attendee(s) name on your check. Conference Code: B409 Company Dept. Address City State Zip Telephone: Fax: Please Mention This Priority Code When Registering Attention Mailroom: If undeliverable to addressee, this time sensitive information should be forwarded to the: Chief Investment Officer or Portfolio Manager