Coventry Capital Receives FSA Authorisation, Launches Longevity Markets
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    Expands Access to Growing Alternative Asset Class



    
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<p><location>LONDON</location>, <chron>Oct. 5</chron> /CNW/ -- Coventry announced today that Coventry Capital Ltd. has received authorisation from the Financial Services Authority (FSA) to advise and arrange transactions on behalf of UK institutions.</p>
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<p>This authorisation, and the company's exercise of its passport right to provide similar services across the EEA, opens the door for institutions throughout <location>Europe</location> to access the US longevity markets by investing in 'physical' life insurance policies, known as life settlements, as well as structured notes or certificates and derivative transactions such as total return swaps.</p>
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<p>"We are pleased to extend Coventry's capital markets platform to <location>Europe</location>," said <person>Reid Buerger</person>, Executive Vice President of Coventry. "Investors globally are seeking to increase their allocations to alternatives and our integrated platform provides unparalleled access to the low volatility and largely uncorrelated performance of this asset class."</p>
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<p>Coventry, which pioneered the model for large-scale institutional investment in life settlements, has structured, serviced and originated in excess of <money>$30 billion</money> in longevity-linked transactions to date.</p>
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<p>"Coventry is the only player in this space that has the expertise and infrastructure to both originate longevity risk and to structure and service longevity transactions in-house, delivering greater efficiency and transparency for counterparties," said <person>Michael Crane</person>, Managing Director of Coventry Capital Ltd.</p>
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<p>As part of the expansion, Coventry has assembled an international team of top capital markets professionals who are based in the company's offices in <location>Philadelphia</location>, <location>London</location> and <location>Hong Kong</location>. These moves have positioned Coventry to engage with institutions throughout the world's major financial markets.</p>
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    About Coventry Capital

    
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<p>Coventry Capital is leading the development of the US longevity market by offering investor and fund services to a wide range of institutions that includes pensions, endowments, insurers and funds. The firm, which is headquartered in <location>Philadelphia</location> and maintains offices in <location>London</location> and <location>Hong Kong</location>, operates throughout major financial centers worldwide.</p>
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<p>Media Contact</p>
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    Stuart Wood
    Director, Strategic Communications
    215-836-8314
    swood@coventry.com
    
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<p>Business Contact</p>
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    Michael Crane
    Managing Director, International Distribution
    Tel. UK +44-20-7887-7881
    Mobile +44-7827-444-288
    mcrane@coventrycapital.co.uk

    
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<p>The content of this press release has been approved for communication in the <location>United Kingdom</location> by Coventry Capital Limited, which is authorised and regulated by the Financial Services Authority.</p>
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For further information: For further information: Media, Stuart Wood, Director, Strategic Communications, +1-215-836-8314, swood@coventry.com, or Business, Michael Crane, Managing Director, International Distribution, UK, +44-20-7887-7881, Mobile, +44-7827-444-288, mcrane@coventrycapital.co.uk

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COVENTRY CAPITAL

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