Coventry sees growing life settlement demand, promotes Kuchera

Coventry sees growing life settlement demand, promotes Kuchera

Coventry, a leading player in the market for life settlement financial investments, sees positive market momentum for this sector of insurance-linked investing and has actually made an essential promo to support predicted growth.Coventry has finished more than $40 billion in longevity-linked transactions because its starting and is a specialists in enabling a secondary market for life insurance plan, backed by institutional investor capital.
The company announced today the promotion of Gary Kuchera to Chief Origination Officer.
Kuchera began his career at Coventry in 2006 as a financial underwriter, prior to relocating to health insurance company Independence Blue Cross for 2 years in 2013 and after that going back to Coventry in 2015.
Ever since he was increased through senior financing roles, to now handle the Chief Origination Officer position at the business, where he will now be entrusted with helping to accelerate Coventrys life insurance coverage policy origination efforts, in addition to dealing with brand-new strategic chances.
Coventry said that his promotion comes “in the middle of growing demand for Coventrys life settlement solutions,” which allow policyowners to offer their unwanted or unwanted life insurance coverage policies.
The secondary life policy, or life settlement market, sees funds and investors backing the portfolios of life policies produced by origination specialists, using an insurance-linked investment opportunity.
” This is an essential consultation in the natural advancement of our business,” Reid Buerger, Coventrys CEO commented. “To accomplish our long-term objectives, it is crucial that we develop new opportunities for crucial leaders to bring their knowledge and experiences to different areas of business. Gary is a results-oriented and thoughtful leader whose capability to form and maintain relationships will serve both him and the business well as he steps into this position.”
Coventry led league tables for life settlements in 2020, with publisher The Deal stating that Coventry First and its affiliate, Life Equity, purchased more than 1,400 policies in 2020.
That was over three times as many policies as its closest competitor, and represented 40% of all life settlement deals in 2020, according to The Deals data.
Access to life insurance policies is crucial for those investors and fund managers developing life settlements portfolios. Some ILS funds invest into life settlement associated deals and portfolios with their capital and origination is key and can be a genuine differentiator for mutual fund managers targeting the sector.
Life settlements are usually backed by institutional investor customers consisting of pension funds and household offices, while specialists such as Coventry serve as consultants and assist in originating policies for financiers and funds.

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