Program Agenda

March 11, 2010
8:00 am – 9:00 am	Registration / Showcase Exhibits
8:00 am – 9:00 am	Continental Breakfast
9:00 am – 9:15 am	Welcome Remarks by the Conference Chair Mark E. Freitag, Esq. Partner Locke, Lord, Bissell & Liddell LLP
9:15 am – 9:45 am	Keynote Address: What’s Next for Life Settlements? It’s been a rough year but the life settlement industry, so heavily dependent on capital, has, for the most part, weathered the financial crisis.  Signs of life are starting to appear.  What new trends are emerging?  Will securitizations go mainstream?  What’s the outlook for the industry over the next 12 months? Peter M. Mazonas Chief Executive Officer Life Settlement Financial, LLC
9:45 am – 10:30am	Attorney’s Panel: News From the Courts As more cases move through the courts, what trends are emerging?  Do any of the cases currently being litigated have the potential to significantly impact the life settlement industry?  A panel of attorneys share news from the trenches and make predictions. Jason P. Gosselin, Esq. Partner Dinker Biddle & Reath LLP Jule Rousseau Partner Herrick, Feinstein LLP Nat Shapo, Esq. Partner Katten Muchin Rosenman LLP Moderator: Mark E. Freitag, Esq. Partner Locke, Lord, Bissell & Liddell LLP
10:30 am – 11:00 am	Networking Refreshments / Showcase Exhibits
11:00 am – 11:45 am	Inside the Debit Manual: The Mechanics of Life Expectancy Have you ever wondered exactly how life settlement underwriters arrive at their estimates of an insured’s life expectancy?  How well does an underwriter risk manage so they don’t over-debit?  How good is the available research? Robert W. Lund, M.D. Medical Advisor Fasano Associates Arshad Hasan Qureshi Chief Actuary Fasano Associates

11:45 am – 12:45 pm	Brokers’ Panel Will 2010 see a Darwinian struggle between providers and brokers?  Now that the boom times are past and the industry is dealing with a ‘new normal’ many wonder if there is enough volume and enough capital to support both brokers and providers.  How will the industry evolve?  Is there room for both? Russel Dorsett Co-Managing Director Select Life Settlement Corporation Rob Haynie Managing Director Life Insurance Settlements, Inc. Mike Leibowitz President & CEO Invescor, Ltd. Moderator: Jon B. Mendelsohn President & CEO Ashar Group LLC
12:45 pm – 1:45 pm	Networking Luncheon
1:45 pm – 2:30 pm	The Impact of Recent IRS Rules Two recent revenue rulings from the IRS affect how gains are calculated from various disposition methods for life policies.  Will these help or harm? Kirk Van Brunt, Esq. Partner Locke Lord Bissell & Liddell LLP
2:30 pm – 3:15 pm	Investors’ Panel Last year two shocks of seismic proportions rocked the industry – sudden and significant changes to the life expectancy estimates of several underwriters, followed by a severe credit drought.  Now, at least, money is starting to move off the sidelines.  What are investors looking for?  Where will the money come from?  How will a changed landscape affect their investment choices?  A panel of savvy investors share lessons learned, war stories, and strategies for 2010 and beyond. David Hough Director PBL Capital Jeff Mulholland, FSA Chairman & CEO Insurance Capital Markets Holdings, Ltd. Stephen D. Stanton Chairman & Founder Trinity Life Settlements, LLC Moderator: Zach Murphy Trader Silver Point Capital, LP
3:15 pm – 3:45 pm	Refreshments / Showcase exhibits
3:45 pm – 4:30 pm	Premium Finance Will Judge Larson’s recent ruling in Lincoln v. Fishman open the floodgates to premium finance? Jule Rousseau Partner Herrick, Feinstein LLP
4:30 pm – 5:15 pm	The Longevity Panel How might longevity trends be impacted by genetic innovations?  Are there breakthroughs in the pipeline that could dramatically affect the future of the life settlement industry? John R. Iacovino, M.D., F.A.C.P. Medical Director Fasano Associates Robert W. Lund, M.D. Medical Advisor Fasano Associates Cormac Treanor Wilton Re Moderator: Michael V. Fasano CEO & President Fasano Associates
5:15 pm – 6:30 pm	Networking Reception

March 12, 2010
8:00 am – 9:00 am	Continental Breakfast / Showcase Exhibits
9:00 am	Day One Recap by the Conference Chair Mark E. Freitag, Esq. Partner Locke, Lord, Bissell & Liddell LLP
9:00 am – 9:45 am	Keynote Address James J. Wrynn Superintendent New York State Insurance Department
9:45 am – 10:30 am	Providers’ Panel: The Changing Role of the Provider in an Evolving Industry Between the perfect storm of the financial system collapse, the drying up of credit markets, and major changes to life expectancy tables, providers have had a challenging time of it over the past year or so.  We’re starting to see some green shoots, but it remains to be seen whether they will grow.  The economy is slowly recovering, though liquidity issues remain.  Fraud continues to be a concern and public perception of the industry could stand some polishing.  The specter of increased regulation could create new barriers to entry.  As the industry matures and moves into its next phase, what will drive growth, and how will the role of the provider evolve? Zohar Elhanani Chief Operating Officer Legacy Benefits LLC M. Bryan Freeman President Habersham Funding, LLC Craig L. Seitel CEO Abacus Settlements, LLC Moderator: Steven M. Shapiro President & CEO Q Capital Strategies, LLC
10:30 am – 11:00 am	Networking Refreshments / Showcase Exhibits
11:00 am – 11:45 am	The Case for Consumer-Driven Industry Reform In the aftermath of the financial crisis some form of federal oversight of the insurance industry seems inevitable.  Some view regulatory reform as burdensome, while others recognize the opportunity to increase consumer confidence by increasing their protections.  For reform to be meaningful it must start with the consumer.  How can reforms be crafted that will benefit the consumer and position the industry for growth?  Is there a meaningful difference between how reforms can be crafted versus what reforms should be crafted? Cynthia M. Poveda President Life Settlement Insights LLC
11:45 am – 12:30 pm	Securitizations of Life Settlements: What are the Risks? Securitizations of life settlements have received quite a bit of press lately but, beyond the hype, what should investors be concerned with?  There are many risks, including a limited history of successful transactions, the potential for fraud, tight credit markets, and low volumes of policies available for securitization.  In addition to these, there’s the risk that information on insureds’ health could be inaccurate, negatively impacting returns.  On top of that, investment banks might not fully understand just how complicated the process really is.  To help us separate risks from hype, a top analyst shares his company’s methodology. Emmanuel Modu Managing Director and Global Head of Structured Finance A.M. Best
12:30 pm	Conference concludes