LUXEMBOURG–(February 8th , 2010) Carlisle Management Company, a leading alternative assets manager and manager of the Luxembourg Long Term Growth Life Settlement Fund, today announced its sponsorship of the First European Life Settlements Trade Mission. “We are extremely pleased to be a part of the foundation for a European based life settlement organization, ELSA sets standards for the European life settlement industry and promotes transparency by providing accurate, authoritative information to the investment community” said Tim Mol, Carlisle’s Chief Operating Officer.
A life settlement is the transfer of ownership and beneficiary rights of an unwanted or unneeded life insurance policy in exchange for a cash settlement. Life settlements represent an estimated $12 billion annual secondary market and one of the fastest growing financial sectors today. As capital sources continue to search for stable returns and low volatility, life settlements are already playing a significant role in the asset allocation strategies of leading banks, financial institutions, insurance companies and mutual funds.
Carlisle Management will be present and host exclusive networking sessions during the three country Life Settlement Trade Mission tour during the following dates:
London, UK – 23rd and 24th February 2010
Luxembourg – 24th and 25th February 2010
Zurich, Switzerland – 26th February 2010
The Trade Mission is presented in partnership with the American Life Insurance Settlement Association (LISA) and other members of ELSA’s founding body. On hand will be numerous top industry leaders from all major areas including Underwriting and Mortality experts, Fund Managers, Life Settlement Brokers and Providers and service related professionals. ELSA is a member driven longevity investment association established exclusively for the European Life Settlement investment community. The European Life Settlement Association was established to set the standards for the European life settlements industry and promote transparency through promoting accurate information between its members and the public. “At Carlisle we believe in promoting industry wide standards within longevity investment and investor relations,” said Jose Garcia, Founder and Chief Executive Officer at Carlisle Management SCA. “As an active participant within the life settlement community we are proud to have played a role in the creation of the European Life Settlement Association and we look forward to contributing as it grows. We will continue to build on the strength of the Carlisle brand throughout 2010 and we will remain committed to staying alert and responsive to the needs and requests of the investment community.”
For more information on Carlisle Management, please visit http://www.cmclux.com . For additional information on the first European Trade Association for the Life Settlement Market access the ELSA site at http://www.elsa-sls.org/.
About Carlisle Management Company SCA
Carlisle Management Company SCA (CMC) is a Luxembourg based fund management firm focused on the United States secondary life insurance market known as life settlements. Carlisle specializes in alternative asset strategy consulting and life settlement fund development. CMC also is a provider of alternative risk finance and secondary market insurance product consulting. The company operates The Long Term Growth Fund, offering institutional investors with access to investment strategies based on life settlement products. For more information on Carlisle and its life settlement services, please visit the website at www.cmclux.com or contact us at [email protected]
ELSA, the European Life Settlement Association, was established 20th May 2009. ELSA sets standards for the European life settlement industry and promotes transparency by providing accurate, authoritative information to retail and institutional investors. Membership is open to capital providers, service providers and intermediaries in the life settlement market. ELSA’s mission is to promote the development, integrity and reputation of the European life settlement industry and to encourage fair competition within the European market. See: www.elsa-sls.org
ELSA Deputy Convener
Tel: 0044 (0) 20 7367 1221