Centurion Life Settlements

Tuesday, February 03, 2009

London-based Centurion Fund Managers is planning to execute its fourth longevity swap in March. David Rawson-Mackenzie, managing director, told DWO at IQPC's Insurance Linked Securities Summit in New York City last Wednesday that no mandates have been awarded and the size and terms of the deal will depend on "what the banks are offering at the time."

Centurion will commit to funding the swap over a three-month period because it has open-ended life settlement funds. Its sales force has seen increasing interest from pension fund trustees and private ...