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

Settlements Financials and Metrics

Settlements's Web-traffic and Trends

Settlements News and Updates

Should you hold Bitcoin as part of a diversified portfolio?

Amid the hoopla over the recent meteoric Bitcoin price rise – from $968 at the end of 2016 to over $16,500 on 11 December 2017 – some are now questioning whether the cryptocurrency should be taken more seriously. While we don’t agree that you should hold Bitcoin as part of a diversified portfolio, w…

Former Congresswoman Who Oversaw Complaints Against Members Says She Didn’t Sign Off On Any Sexual Harassment Settlements

Former Michigan Rep. Candice Miller said she rejected settlement payments for harassment allegations, including one that sounds strikingly similar to the 2016 complaint against Rep. John Conyers. View Entire Post ›

US Congress used $17 million of taxpayers money to settle discrimination suits with its own employees

As sexual harassment and assault allegations spread across the US, one congresswoman is pointing the finger at America’s elected representatives. Representative Jackie Speier, a democrat…

High-visibility for the built environment at COP23

In recognition of its crucial role of the built environment reducing CO2 emissions, the buildings sector will enjoy high levels of visibility at this year´s COP which takes place from 6 – 17 November.

RICS takes data and measurement centre stage at COP23

Building on the findings from a 2016 RICS-led global survey carried out amongst members of the Global Alliance for Buildings and Construction and their respective networks, the Building Action symposium at COP23 marks the launch of our Global Trends in Data Capture and Management in Real Estate and …

Surging Chinese debt levels prompt S&P Global Ratings downgrade

Rising debt levels in China have prompted S&P Global Ratings to become the latest major credit rating agency to downgrade the country’s sovereign debt. The agency lowered its rating to “A+/A-1” from “AA-/A-1+”, it said in a statement released today. The strong growth of the Chinese economy…
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Settlements Company Life and Culture

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