ELSA’s Executive – its Chair, Deputy Chair, Treasurer, Secretary and up to five Ordinary Members – is appointed each year at the association’s annual general meeting. All members are encouraged to put themselves forward for appointment and are formally nominated by two of their fellow members.
The Executive works alongside ELSA’s staff in managing the business of the association, supported by the chairs and members of each of the association’s committees.
ELSA Chair | CEO of Life Equity
Scott Willkomm joined Life Equity, LLC as its Chief Executive Officer in September 2017. Under Mr. Willkomm’s leadership, Life Equity continues to build on its legacy of excellence in serving the life settlement industry.
During Mr. Willkomm’s thirty-year career, he has served as chief executive of insurance, reinsurance and financial services organizations. He has extensive work in life settlements and structured settlements, including his previous roles as Chief Executive Officer of Life Settlements and Mortality-Linked Products with J.G. Wentworth or President, Director, and Chief Executive Officer of Scottish Re Group. Mr. Willkomm is also an alumnus of Coventry’s Capital Markets group where he worked with life settlement investors. Most recently, Mr. Willkomm was President and Founder of Old Stone Capital Partners, a boutique strategic consultancy and financial advisory firm focused on the global insurance, reinsurance and financial services sector.
Life Equity is an established leader in the life settlement and structured settlement industries. As a life settlement provider, Life Equity works with investors to purchase life insurance policies and buy or sell in the tertiary market. Also, Life Equity excels as one of the largest administration and servicing specialists for life settlement and structured settlement portfolios. Life Equity is a member of the Coventry Group of Companies.
ELSA Deputy Chair | CEO of Corry Capital Advisors
Mr. Corry founded Corry Capital Advisors (CCA) in 2007 and is the CEO and CIO of the firm.
Mr. Corry has over 30 years of experience in the Life Insurance Industry and has been working in the life settlement industry since 2000. Since 2008 CCA has raised and deployed over $1 Billion of institutional capital into life settlements over several funds. Prior to CCA, Mr. Corry founded a life insurance agency that grew to 6 offices from Florida to California over a 15 year period that catered to high net worth individuals. Mr. Corry sold that company in 2006. Mr. Corry has co-authored several books on Life Insurance and Retirement Planning and has lectured extensively regarding longevity risk.
Mr. Corry has served on several boards affiliated with the Insurance Industry including the General Agent Advisory Board of AIG, The Board of Governors of Citizens Insurance Company (appointed by the Governor of Florida in 2008), where he also served as one of three trustee’s on the Finance and Investment Committee.
Mr. Corry has a BS degree from Edinboro University of Pennsylvania and serves on the Advisory Board for the Business and Economics School of Edinboro University of Pennsylvania.
ELSA Treasurer | Portfolio Executive at SL Investment Management Ltd
Alec leads the UK Traded Endowment Policy (TEP) and Marketing sections within SL Investment Management (SL). He works closely with clients on the delivery of existing TEP business, structuring of new TEP product, and on the development and implementation of marketing initiatives with the SL Executive.
Alec joined SL in 1996 in order to establish and formalise the company’s valuation function. Over subsequent years, he has worked extensively with the fund management, actuarial and operational areas of the business. Alec is now one of the top UK experts on the investment and management of TEP assets and has been Head of TEPs at SL since 2007. Alec graduated from Bristol University as a Bachelor of Aeronautical Engineering in 1993, and subsequently achieved an MSc in Artificial Intelligence whilst studying in London.
ELSA Secretary | Partner at Arent Fox LLP
Jule Rousseau is part of Arent Fox’s Insurance and Reinsurance Practice within the Complex Litigation Group. His practice involves complex financial disputes with a focus on insurance and reinsurance. He also advises clients in all areas of the risk transfer business, including policy and treaty wording, regulatory compliance and strategy for formation of various vehicles. Jule’s practice includes property and casualty, life, accident, health insurance, and insurance-linked products and he represents various participants in these markets.
Jule has developed extensive knowledge in the life settlement business and with premium finance structures used in the purchase of life insurance. He represents clients in all facets of this business – policyholders, lenders, life settlement brokers, and providers and hedge funds providing capital to the industry and he speaks frequently on subjects related to this market.
Member of the Executive | Managing Director of Coventry Capital Ltd
Simon Erritt is Managing Director for Coventry Capital. Simon plays a senior role in the development of the firm’s longevity-linked products for counterparties throughout Europe. Prior to joining Coventry, Simon was a Director in Citigroup’s Asset Finance Group where he led the development of Citigroup’s investment activity in the US secondary market for life insurance. Simon is a graduate of the University of Bristol and Haywards Heath College in West Sussex, England.
Michael V. Fasano, FLMI
Member of the Executive | President and CEO of Fasano Associates
Michael is President and CEO of Fasano Associates, a leading underwriting consulting firm providing life expectancy estimates to the life, annuity and life settlement industries. Fasano’s life expectancies are the most accurate in the business, with an actual to expected ratio of 96%, based on actual – not adjusted – estimates. His physician staff includes former chief and senior medical directors of New York Life, First Colony Life (Genworth), John Hancock Life and Munich Re.
Before starting Fasano Associates, Michael served as President of Trans-General Life Insurance Company; and before that, he worked at the White House Office of Management and Budget.
Michael received his B.A. from Northwestern University and his M.A. from the University of Wisconsin, Madison. He currently serves on the Board of Visitors for Northwestern University’s College of Arts & Sciences and as Co-Chair of Northwestern’s Washington, DC Regional Council. He also serves as an officer of the Life Insurance Settlement Association (LISA) and is a member of the Institutional Life Markets Association (ILMA), BVZL and the Life Settlement Institute, as well as ELSA. He is a frequent industry speaker and has published articles in Best’s Review, Pensions and Investments, and the National Underwriter.
Member of the Executive | Co-CEO of BroadRiver Asset Management
Philip Siller co-founded BroadRiver, a leading longevity-risk asset manager based in New York, in 2009. Since inception, the firm has raised and deployed over US$600 million in institutional capital. From 2006 to 2009, Mr. Siller, together with his partner, Andrew Plevin, started and co-ran the physical longevity risk desk of Goldman, Sachs & Co., Inc., as the Co-CEOs and Co-Presidents of its wholly-owned subsidiary, Eastport Capital Corporation. Prior to joining Goldman Sachs, Mr. Siller was a founding principal of SPAR L.P., an advisory firm investing in life settlements on behalf of institutions, until Goldman Sachs acquired its assets in 2006. Mr. Siller has extensive experience in longevity analytics, fund management, private equity investment and international business transactions.
From 1992 to 2002, Mr. Siller was President of Hexagram & Co., a Toronto-based venture management and private equity firm specializing in build-up and exit strategies for successful owner-managed companies. From 1982 to 1992, Mr. Siller was Senior Vice-President and Special Counsel at Olympia & York Developments Limited, a diversified real-estate and natural resources firm based in Toronto, Canada. In addition to his business activities, Mr. Siller is on the Board of Directors of The Fields Institute for Research in the Mathematical Sciences (www.fields.utoronto.ca), a world-renowned institution devoted to the advancement of mathematics research and education. He has lectured in law and political science at University of Toronto and serves on the International Advisory Board of the Minerva Center for Human Rights at The Faculty of Law at The Hebrew University (Jerusalem). Mr. Siller holds a B.S. from The City College of New York, a Ph.D. in mathematics from University of Minnesota, and an LL.B. from University of Toronto.
Member of the Executive | CFO of Eskatos Capital Management
Maurizio is the Chief Financial Officer of Eskatos Capital Management, the general partner of Eskatos, an alternative investment fund whose flagship strategy is the Eskatos – AZ Multistrategy ILS Fund. Eskatos was launched in 2008 and its current exposures towards ILS amount to approx. USD 0.5bn. The focus of the fund is on property reinsurance (through catastrophe bonds and collateralized reinsurance agreements) and on US life settlement policies.
As Chief Financial Officer and Chief Operations Officer, Maurizio is currently responsible inter alia for financial analyses, financial reporting, valuation of assets and liabilities, operations, operational due diligence of investments, besides activities linked to the life settlement business of Eskatos. Maurizio holds an MSc in Finance from Bocconi University, Milan (Italy), a BSc in Economics and Finance, the Financial Risk Manager (FRM) designation awarded by the Global Association of Risk Professionals (GARP) and the Certified Extreme Event Modeler (CEEM) designation awarded by the Verisk’s AIR Institute.
- Webinar – Perspectives from the Market; Future of Life Risk (WATCH NOW)October 7, 2020
- ELSA Elects New Executive at 2020 Annual General MeetingSeptember 21, 2020
- BVZL and ELSA decide on a mutual affiliate membershipSeptember 21, 2020