Berkshire Hathaway buys Coventry Portfolio

In July, Berkshire Hathaway confirmed that it had purchased a life settlement portfolio with a face value of $300 million in face value from Coventry First for $60 million.  Most of the activity in the life settlement market has continued to be portfolio sales, but new developments on the horizon indicate that the market is rebounding. Stone Capital Assets has long predicted that insurance companies will be the biggest investors in the life settlement industry as they should understand long duration asset and liability matching as well as anyone.