Life Settlement ‘Hit Hard’ by Recession, Conning Says

The life-settlement market, where investors buy insurance policies from the original owners and collect their benefits, “was hit hard” when the recession cut the cash available to fund the purchases, Conning & Co. said.

“The economic crisis was the major impediment to growth in the U.S. life settlements markets in 2008, as the credit markets froze in the second half and life settlements buyers had difficulty financing new premiums,” said Scott Hawkins, an analyst at Hartford, Connecticut-based Conning in a statement today...

Bloomberg: Life Settlement ‘Hit Hard’ by Recession, Conning Says