NEW YORK, June 23, 2014 /PRNewswire/ — The Deal, TheStreet’s (NASDAQ: TST) institutional business, today issued results from its annual survey of the life settlement market showing that transactions stopped their precipitous decline last year as the face value of life insurance policies sold reached $2.57 billion, an increase from $2.13 billion the year before. The survey, compiled from information obtained through public records requests to state insurance departments, includes data from 36 life settlement providers, including seven that reported no transactions at all.
“This is the first time in several years in which the number of life settlement transactions has gone up. This can only mean the market is starting to bounce back after years of being in the doldrums following the recession,” said Donna Horowitz, Senior Editor for The Deal. “One of the main challenges that lies ahead for the market to continue to grow is consumer awareness. Most people still do not know that they have the right to sell their policies. Unlike the reverse mortgage market, the life settlement market remains largely unknown to the public.”
The Deal, a business unit of TheStreet, has been serving corporate dealmakers, advisers and institutional investors the most sophisticated analysis of the deal economy since 1999. Our transaction information service, The Deal Pipeline, is powered by a newsroom of senior journalists who offer proprietary research and reporting across M&A, bankruptcies, auctions and financings. It includes a breaking news service, First Take; daily and weekly sector newsletters; The Daily Deal, a 2x daily report of the day’s top stories; a research center with over a decade’s worth of intelligence and a database of over 100,000 deals; and an iPad & iPhone app. Our marketing & media services group produces the industry’s leading forecasting event, The Deal Economy, held annually in New York City in addition to industry webcasts and integrated marketing programs. For more information, visit www.thedeal.com.
The number of policy sales, at 1,356, represented 10 more deals than in 2011 when the total face value purchased was
led the market in the total number of transactions, buying 637 policies in 2013 compared to 597 policies the year before.
Curated from investor-relations.thestreet.com