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B. Andres (Drew) Plant
FOR IMMEDIATE RELEASE
Habersham’s Freeman part of investment symposium
Atlanta, April 16, 2007 M. Bryan Freeman, founder and president of Habersham Funding, LLC, will be featured next Friday at the 2007 Society of Actuaries and PRMIA Investment Symposium in New York City. Freeman, who is a pioneer in the life settlement industry, is speaking as part of a session titled, The Cannibalization of Insurance Products, which is moderated by Nicola Barrett, an actuary with ABN AMRO.
“During the course of two days, we are showcasing some of the industry’s top investment and insurance professionals as presenters,” say Nancy Bennett, vice president, Risk Management, Ameriprise Financial Inc., and Mark Abbott, managing director, Quantitative Risk Management, Guardian Life, who are co-chairing the conference. This year’s symposium features three tracks covering asset and risk management, as well as investment strategy.
“During the past two decades, insurance products have become increasingly complex; while insurers are increasingly adept at creating and structuring these products, capital markets and hedge funds are themselves increasingly adept at re-bundling or restructuring singular insurance components into unforeseen and perhaps initially unintended combinations,” Freeman says, referencing his presentation. “Participants in this session will learn that life settlements and the like are inevitable and a part of their industries about which they now must learn.”
In attendance, according to the Society of Actuaries, will be portfolio managers, risk managers, investment officers, analysts, investment actuaries, corporate actuaries, and others whose work requires a detailed knowledge of how investment decisions impact a company’s financial position.
The Society of Actuaries is an educational, research and professional organization. Its vision is for actuaries to be recognized as the leading professionals in the modeling and management of financial risk and contingent events.
Habersham Funding, LLC, which was founded in 2001 by Freeman, provides the funds for life settlements, which enable seniors who no longer want or need their life insurance to receive an advance cash payment for their policy.
M. Bryan Freeman has been a licensed insurance agent for 28 years and has helped people sell their life insurance for cash settlements for 17 years. He served an unprecedented four terms as president of the Life Insurance Settlement Association, the industry’s oldest and largest trade organization, and remains on LISA’s board for another two-year term (as the organization’s chief officer in charge of government relations).