WASHINGTON, D.C. (October 26, 2020) – At a virtual Member’s Meeting and Town Hall held on Wednesday, October 15, the Life Insurance Settlement Association (LISA) announced the results of its annual Board of Directors election. Two new Directors will replace Directors whose three-year terms were completed, while one Director will serve an additional three-year term. Each of these Directors are strongly committed to advancing LISA’s efforts to promote the development, integrity and reputation of the life settlement industry.
“The composition of LISA’s Board of Directors reflects the range of stakeholders serving the life settlement industry,” said Bryan Nicholson, LISA’s Executive Director. “I look forward to working with the new Directors to continue to advance LISA’s thought leadership and organizational initiatives to drive life settlement market growth.”
The new and returning LISA Board members, who will serve three-year terms, include:
- John Dallas
Chief Executive Officer (CEO), Berkshire Settlements, Inc., elected to an additional term;
- Sherry Duarte
President, SLG Life Settlements, LLC. and;
- Neal Jacobs
Managing Director, Finance, Coventry First
In addition, it was announced that Steven Shapiro, President and CEO of Q Capital Strategies, LLC, will serve as LISA’s next Chair. Mr. Shapiro will succeed Chris Conway, Chief Development Officer, ISC Services, whose term as LISA Chair is expiring. Mr. Conway will transition to the role of Immediate Past Chair and remain a member of LISA’s Executive Committee. The election of LISA’s remaining officers will occur during the first meeting of the newly seated Board of Directors.
“As the life settlement industry continues to grow, it is imperative that organizations like LISA attract leaders with new ideas and perspectives on both market and industry stakeholder needs,” said Mr. Shapiro. “Our new board members bring these perspectives and leadership qualities to the Board of Directors. I look forward to working with them and the other Directors in service of LISA’s membership and the industry.”
“I would like to thank LISA’s outgoing Directors – Alan Buerger, Chairman, Coventry, and John McFarland, CEO, NorthStar Life Services, LLC – for their contributions to both LISA and the life settlement community,” said Mr. Conway. “LISA and the life settlement industry are better positioned today due to Alan and John’s investment in and engagement with our industry.”
The Life Insurance Settlement Association (LISA) is the nation’s oldest and largest organization representing participants in the life settlement Industry, with a current membership of more than 65 companies doing business in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. LISA’s mission is to promote the development, integrity and reputation of the life settlement industry, to advance the highest standards of practice and professional development for the industry, and to educate consumers and advisors about a life settlement as an alternative to lapse or surrender of a life insurance policy.