COVID-19: Impact on the Life Settlement Market
Covid 19 has impacted every industry. For the Life Settlements, this unprecedented time has led to great change. ELSA has teamed up with Magna Life Settlements and other members of the Life Settlement industry; to offer guidance and information on the growth of Life Settlements during Covid-19.
Impact on the Life Settlement Marketplace
The three speakers for today’s ELSA’s webinar – Mario Coniglio (MLF LexServ), Steven Shapiro (Q Capital) and Dan Young (Magna Life Settlements) – will be detailing the following:
- Analysis of Life Settlement target market;
- Operational challenges the Life Settlement market;
- Supply and demand changes of policies and capital
The European Life Settlement Association (ELSA) was founded in 2009 to set standards for the European life settlement industry. ELSA represents European funding sources, service providers and intermediaries in the life settlement market who are looking to promote transparency by providing accurate, authoritative information to investors, regulators and the media.
Chris Conway, Chief Development Officer of ISC Services, will introduce the session and Chair our expert group of speakers through a series of presentations followed by a Q&A where you will have the opportunity to pose your own questions.
Mario Coniglio, Chief Operating Officer at MLF LexServ, will delve into an analysis of mortalities amongst the life settlement population.
Mario Coniglio serves as Chief Operating Officer for MLF LexServ, LP. He has been with LexServ and directed operations since the company was formed in 2006. During this time, the number of assets and total death benefit serviced by LexServ has grown significantly and LexServ has become the largest 3rd party servicer in the life settlement industry.
Steven Shapiro, Chief Executive Officer at Q Capital Strategies, will discuss operational challenges in the life settlement market.
Steven Shapiro is the founder of Q Capital. Previously, President of MARK Partners LLC, a merchant banking boutique he founded in 2001. Shapiro has extensive experience in strategic consulting, investment banking advisory services, and private equity investing.
Dan Young, President of Magna Settlements, will evaluate the impact COVID-19 has had on supply and demand of policies and capital.
Dan Young is President at Magna Life Settlements. In addition to his role at Magna Life Settlements, Young is an adjunct professor of Regulatory Law at the University of Texas Law School and Chairman of the Board of the Institutional Longevity Markets Association (ILMA). Previously, Mr. Young was Senior Managing Director and Head of Asset Management at Vida Capital.
Mr. Young was President & CEO of New York Life’s Broker-dealer network and New York Life’s Registered Investment Adviser. He began his career as a clerk on the Third Circuit Court of Appeals before practicing at Cravath, Swaine & Moore in New York.
