• 8:30-9:00 CEST
• EY Zurich

Welcome Coffee: Sponsored by EY

• 9:00-9:05 CEST
• Bill Corry, Corry Capital Advisors | Andre Dylan Kohler, EY
• EY Zurich

Welcome From Our Conference Chair

Bill Corry, CEO of asset manager Corry Capital and Andre Dylan Kohler, Partner at EY, get proceedings underway with a brief welcome address.

• 9:05-9:45 CEST
• Scott Rose, Fifth Season Investments | David Naughton, Byrne Wallace Shields | Raffaele Dell'Amore, Cambridge Associates
• EY Zurich

Opening Panel: Life as a Standalone Asset Class

Longevity risk and mortality risk drive investment outcomes across a range of asset classes and investment strategies, but is 'life' itself an asset class? If not, why not? This panel digs into the nuances of the question in the opening session of the day.

• 9:45-10:30 CEST
• Ben Grainger, EY | Beat Hess, AA-Partners | Roger Lawrence, W L Consulting
• EY Zurich

Panel: How Does a Life Settlement Manager Treat Different LE Reports?

Life expectancy reports are a foundational component of modelling longevity risk for a life settlement asset manager, but not all LE's are created equal. This panel discusses why deviations exist, and how asset managers interpret them for inclusion into their models.

• 10:30-10:55 CEST
• Wilmington Trust
• EY Zurich

Morning Coffee Break: Sponsored by Wilmington Trust

• 11:00-11:20 CEST
• Bryan Nicholson, LISA
• EY Zurich

Life Settlements Origination: The Consumer and Investor 'Win Win'

In 2024, the life settlement market delivered more than $500m in additional dollars to American seniors when compared to the cash surrender value of their life insurance policy, and life settlement returns are uncorrelated to the broader capital markets. In his presentation, Bryan Nicholson, Executive Director at the Life Insurance Settlement Association, explains more about the 'win win' that the life settlement market provides for both consumers and investors.

• 11:20-11:40 CEST
• John Dallas, Berkshire Settlements
• EY Zurich

Life Settlements Origination: The Impact of the Changing Nature of the Provider Cohort on the Market

The life settlement provider is the buyer on record of a life insurance policy on the secondary market, and the market itself continues to evolve. In his presentation, John Dallas, CEO at Berkshire Settlements, digs into some of the trends occurring currently, including increased vertical integration between provider and asset manager, and the consolidation seen in the market in the past decade or so, and the impact of these developments on the market.

• 11:40-12:00 CEST
• Hanna Persson, Ress Capital | Bryan Nicholson, LISA | John Dallas, Berkshire Settlements
• EY Zurich

Discussion Panel: Origination Today

Investors in the life settlement market rely on a diverse range of origination chanels when sourcing assets. This panel discusses the continued efforts to driver consumer demand for the life settlement option through innovation and market education.

• 12:00-13:00 CEST
• LifeRoc Capital
• EY Zurich

Lunch Break: Sponsor LifeRoc Capital

• 13:00-13:45 CEST
• Rahul Nawander, Fasano Associates | Phil Hall, Longevity Holdings
• EY Zurich

Presentation: How the Life Settlement Population Has Changed Over the Decades

The cohort of insureds in the life settlement industry began in the 1980s with those with severe health impairments, and has since changed dramatically to include individuals that are very healthy at the point of sale. This presentation discusses the demographic change and offers insights into any future trends.

• 13:45-14:30 CEST
• Manu Mazumdar, Conning
• EY Zurich

Presentation: Life Settlement Investor Sentiment Survey

In 2024, asset management firm, Conning, in partnership with ELSA, surveyed institutional investors and industry participants for the inaugural ELSA | Conning investor survey. In this presentaiton, Manu Mazumdar of Conning updates the audience with some top-level insights from the sophomore edition, which is due to publish in December 2025.

• 14:30-15:00 CEST
• ARM
• EY Zurich

Afternoon Break: Sponsored by Actuarial Risk Management

• 15:00-15:20 CEST
• James Westerlind, ArentFox Schiff
• EY Zurich

Litigation Presentation: Estate Claims

A significant amount of litigation activity in the life settlement industry relates to estate claims. In his presentation, James Westerlind of ArentFox Schiff examines the current state of some of these cases and their potential impact on the market.

• 15:20-15:40 CEST
• Khai LeQuang, Orrick
• EY Zurich

Litigation Presentation: Policy Charges and PHL Rehabilitation

The PHL Variable rehabilitation was a significant news story in the life settlement market, and, 18 months on, it is still waiting for a final decision. In his presentation, Khai LeQuang of Orrick explains what is known currently. LeQuang will also discuss some of the recent and current litigation that relates to policy charges.

• 15:40-16:00 CEST
• Liam Bodemeaid, Actuarial Risk Management
• EY Zurich

Litigation Presentation: How Does a Life Settlement Manager Price Litigation Risk

As litigation activity continues to emerge in the life settlement industry, particularly with estate-driven lawsuits, investors and risk managers face increasing complexity in pricing this uncertainty. This presentation explores two actuarial frameworks for incorporating litigation risk into life settlement valuations.

• 16:00-16:20 CEST
• Greg Winterton, Life Risk News | James Westerlind, ArentFox Schiff | Khai LeQuang, Orrick | Liam Bodemeaid, ARM
• EY Zurich

Discussion Panel: Litigation Today

Litigation activity is a constant companion to the life settlement market and takes various forms. This panel discusses the prevailing topics of the day that are, or should be, top of mind for life settlement asset managers and investors.

• 16:30-17:00 CEST
• ELSA Members
• EY Zurich

ELSA Annual General Meeting: Members Meeting

• 16.20-18:00 CEST
• Corry Capital Advisors
• EY Zurich

Networking Cocktails Sponsored by Corry Capital Advisors