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Archive October 2023

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2023 Alan H. Buerger Leadership Award Winner

The Life Insurance Settlement Association (LISA), the nation’s oldest and largest organization representing the life settlement industry, awarded the Alan H. Buerger (AHB) Leadership Award to Phil Loy, Managing Director of Jade Mountain Partners and Founder of AVS Underwriting, LLC, at its 29th Annual Life Settlement Conference in Chicago on October 23.

Phil Loy is a pioneer in the medical underwriting and life settlement industries and a longstanding member of LISA.  He founded AVS in 1994 and built the company into the leading medical underwriting firm for the life settlement industry. 

“Phil brought professionalism to the industry. He did things the “right way” even when competitors were taking aggressive actions to take market share from him,” said Neal Jacobs, Managing Director of Finance at Coventry and a LISA Board member. “This was critical in building credibility for our industry and enabling the industry to survive and then thrive as it attracted significant amounts of institutional capital.”

Mr. Loy also brought those leadership qualities to his work with LISA, said outgoing LISA Board Chair, Sherry Duarte. “He has actively supported the association throughout the years,” Duarte said. “You can always count on him to help when needed.”

Mr. Loy’s participation and leadership has been an asset to both LISA and life settlement industry participants for over three decades.

The AHB Leadership award honors industry leaders who have made significant contributions to support the development and growth of LISA and the life settlement marketplace. LISA’s Board of Directors renamed its Industry Leadership Award to the Alan H. Buerger Leadership award in 2022, in honor of the Coventry co-founder and Executive Chairman and former Chairman of LISA. Buerger was the winner of the LISA Leadership Award in 2021.

2024 LISA Leadership Announced

At a Member’s Meeting held on Sunday, October 22, the Life Insurance Settlement Association (LISA) announced the results of its annual Board of Directors election and introduced its new Chair, John Dallas, President of Berkshire Settlements.

“The life settlement industry leaders that comprise LISA’s Board of Directors are uniquely positioned to drive consensus within our ongoing activities and impact market growth. They are all committed to advancing LISA’s efforts to promote the development, integrity, and reputation of the life settlement industry and we are pleased and honored to work alongside them in the upcoming year," said Bryan Nicholson, LISA’s Executive Director. 
 
In addition to the election of Mr. Dallas, one Director will serve a second three-year term; no new Directors were named.
The returning LISA Board member, who will serve an additional three-year term, is:
  • Neal Jacobs, Managing Director of Finance, Coventry
Mr. Dallas will succeed Sherry Duarte, Managing Director of Fifth Season Financial, whose term as LISA Board Chair is expiring. Ms. Duarte will transition to the role of Immediate Past Chair and remain a member of LISA’s Executive Committee.

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