WASHINGTON--(EON: Enhanced Online News)--Approximately 200 investors and industry participants attending the 10th Annual Fasano Life Settlement & Longevity Conference received a sobering assessment of our political economy. Noted economist and fiscal policy expert, Eugene Steuerle, opened the Fasano Conference with a cutting analysis of the economic problems facing the U.S. economy, including rising and unsustainable levels of debt and a weakened ability to combat recession and address new emergencies. Steuerle called for a radical restructuring of U.S. retirement, health and tax policy to combat years of irresponsible government policies. Steuerle was followed by Washington insider, Jack Kelly, who laid out how stunted economic growth coupled with high unemployment and languishing take-home pay have led to a nosedive in consumer confidence and how realignments in Congress have resulted in continued uncertainty in both politics and the economy. Kelly argued that the recent congressional compromise offers only temporary solutions and that the political dynamics are likely to lead to more polarization in Washington.
The Fasano Conference also included a number of investor focused presentations, including an analysis of the emerging Life Contingent Structured Settlement Market given by Brian Robinson an Erik Friedman, Managing Partners of GFG Alternative Investment Advisors, and the insights of Matt Popoli, Senior Managing Director of Reservoir Capital, on Why Large Investment Banks Have Exited the Life Settlement Market. In addition, Cormac Treanor, Senior Vice President of Longevity Markets at Wilton Re, which has been a significant investor in the life settlement space, presented a Buyer’s Perspective on Analyzing Tertiary Transactions.
Medical presentations were delivered by Dr. Mark Lachs, Chief of Geriatrics at the Weill Medical College of Cornell University, and Dr. John Iacovino, Senior Medical Director at Fasano Associates. Lachs’ presentation focused on the Impact of Functional Status on Longevity and Mortality Prediction in the Elderly while Dr. Iacovino addressed the Growing Mortality Risk of Prescription Opioids.
The Conference ended with an expert panel discussion of the Advantages and Disadvantages of Offshore Venues for ILS and Life Settlement Structures.
DVDs of the Fasano Conference will be available to those who were unable to attend the Conference. Information on purchase of the Conference DVD can be found at www.fasanoassociates.com.
About Fasano Associates:
Fasano Associates is a leading underwriting consulting firm serving the life, health and life settlement industries.