Settlements

SETTLEMENTS is a company incorporated under Belgian law on July 28th, 2008 and formerly named Assured. This name was changed in SETTLEMENTS SA on April 11th, 2011. The company is active in the acquisition and the management of US Life Settlements Portfolios. A financial transaction in which the beneficiary of a redundant US life insurance policy, transfers, against the payment of a certain purchase price, such beneficiary clause to a third party generally for more than the cash value offered by the underwriting life insurance company. The purchaser becomes the new beneficiary of the policy at maturation and is responsible for all subsequent premium payments. If he fails to make such payments, the policy may lapse before it matures. The purchaser of a life settlement policy therefore takes the actuarial risk of the insured outliving his or her life expectancy, as was assessed by a medical underwriter at the time of purchase. Purchasers therefore determine the price they are willing to pay in function of the risk premium that is required to compensate such longevity risks Settlements’ shares are listed in US dollars The initial listing of SETTLEMENTS (ticker code: STTL) was realized through direct listing procedure further to the admission of 270.000 existing shares of the Company, among which 260.000 new shares placed with qualified investors via a private placement Settlements SA aims to become one of the leader in the field of “life settlements market”. Currently Settlements has already identified the first Portfolio but not purchased yet. Settlements benefits of the expertise of professional consultants specialized in its sector and it is audited by audit firms of international reputation. To finance the acquisition of those Portfolios, the Company intends to issue bonds and to publicly offer them in Belgium. The Company intends also to list those bonds on the NYSE Alternext in Brussels and, if so, this may be the first bond listing on this market.
Type
Public
HQ
Bruxelles, BE
Website
sttl.eu
Settlements is headquartered in Bruxelles, BE

Settlements Office Locations

Settlements has an office in Bruxelles
Bruxelles, BE (HQ)
33 Boulevard de la Cambre

Traffic Overview of Settlements

Settlements News and Updates

In a Massachusetts warehouse, NASA’s Valkyrie robot helps lay the groundwork for Mars settlements

 NASA’s Valkyrie (R5) robot will never slip the surly bonds of Earth. The humanoid space robot is destined to spend the rest of its days on terra firma with the rest of us. But like Robonaut before it, the six-foot, 290-pound piece of machinery represents a link to the future. She’s a first step tow…

Trump reportedly warns Israel to stop announcing settlements that 'undermine' his efforts toward peace

President Donald Trump reportedly issued a surprise warning to Israel on Thursday to stop announcing settlements that "undermine" his administration's efforts to create peace in the Middle East. A White House official told The Jerusalem Post that Trump is committed to a two-…

What Volkswagen Settlements Mean for Vehicle Owners

The company’s various deals include an offer to buy back or fix faulty diesels — and either way, additional cash compensation of up to $17,500.

Royal Bank of Scotland has set aside another £3.1bn for US settlements

Royal Bank of Scotland today confirmed that it has set aside a further £3.1bn to pay fines relating to the issuing and underwriting of US residential mortgage-backed securities (RMBS). The bank said this takes the total sum it has provided for such matters to £6.7bn, or $8.3bn. Last year, it emer…

Settlements to Curb Police Abuses Have Mixed Record, and Uncertain Future

As Chicago agrees to revamp its policing, settlements with police departments known as consent decrees may face a threat in the Trump administration.

Israel to cut $6m from UN dues in protest over settlements resolution

Country’s UN mission says figure represents portion of its contribution that goes ‘to anti-Israel bodies’, including agency for Palestinian refugeesIsrael has announced it is cutting approximately $6m in its annual dues to the United Nations this year to protest last month’s security council resolut…
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