ILMA changes name to reflect growing tertiary market
The Institutional Life Markets Association is now the Institutional Longevity Markets Association (ILMA).
The ILMA board voted at a recent meeting to change the organisation’s name to reflect its enhanced focus on the spectrum of transactions conducted in the longevity market, including secondary and tertiary trading in life settlements, synthetic settlements and other derivative transactions and transfers of longevity risk to the capital markets.
“Transitioning our name from ‘Life Markets’ to the broader ‘Longevity Markets’ name more accurately reflects the suite of products and the investors involved in this space,” says Jack Kelly (pictured), ILMA managing director. “Demonstrated by the consistent growth of our membership, ILMA is a key leader across the spectrum of products designed for investors in longevity risk and our new name captures our broader focus.”
Membership in ILMA provides research and timely updates on legal, regulatory and legislative issues. Members are part of an active forum and encouraged to provide input into ILMA’s agenda, collectively joining and creating a substantial voice in the future direction of the longevity-mortality markets.
“Our goal is to represent the investor interest in longevity markets by actively supporting the responsible growth and regulation of the life settlement and longevity industry,” says Kelly. “ILMA is the only trade association solely dedicated to the role of the institutional and investor participants in the longevity markets.”
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