The Company is a proud member of the Life Insurance Settlements Association (LISA) and complies with HIPAA and privacy laws to maintain and protect confidentiality of financial, health, and medical information. The Company has serviced approximately $950 million in policies and has managed assets for large asset managers and third-party investment funds.Ībacus’ leadership team averages 20+ years of experience and consists of innovators since the life settlements industry’s inception in the mid-90s. Over the past 18 years, the Company has built an institutionalized origination and portfolio management process that is supported by an 86-person team, long-term relationships with 78 institutional partners and 30,000 financial advisors, and the ability to operate in 49 states. With over $2.9 billion in face value of policies purchased, Abacus has helped thousands of clients maximize the value of their life insurance. Since 2004, the Company has purchased life insurance policies from consumers seeking liquidity and has actively managed those policies over time (via trading, holding, and/or servicing). “Abacus is in a unique position as the only publicly-traded life settlement company and I am looking forward to helping the Company attain its exciting growth objectives.”Ībacus is a leading vertically integrated alternative asset manager specializing in longevity and actuarial technology that is democratizing the life insurance space through groundbreaking AI development and an industry first blockchain solution. “I am thrilled to join Abacus and its talented leadership team,” said Romaine. We look forward to having Chris on board to help guide us through these processes.” “Chris has great experience working in the specialty insurance industry and Abacus is paving the path for transparency and enhanced education for life settlements. “We’re thrilled to welcome Chris to the Abacus team to advise the Company through our next phase of growth,” said Abacus CEO Jay Jackson. Romaine will work with the leadership team at Abacus to enhance its legal, compliance and other operations. Prior to Fortegra, Romaine served as counsel at MBNA and Toyota Financial, where he advised on securities, capital markets and corporate governance matters. Romaine brings 25 years of leadership experience in global specialty insurance, financial services and corporate development and previously held senior roles at Fortegra, including serving as General Counsel and Chief Operating Officer. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading buyer of life insurance policies, policy originator and alternative asset manager specializing in specialty insurance products, today announced that Christopher Romaine has been appointed as General Counsel and will advise and serve on the Company’s executive leadership team. 11, 2023 (GLOBE NEWSWIRE) - Abacus Life, Inc.
0 kommentar(er)
