Doug Head, the executive director of the Life Insurance Settlement Association (LISA), has announced plans to retire at the end of the year.
“The months ahead will allow LISA to engage in a productive search for a successor and to review our programs and activities so that the transition to new leadership can be seamless,” Head says in a letter to Russel Dorsett, LISA president and director of Veris Settlement Partners, Rockville, Md.
Head notes in the letter that the organization has grown from 13 members to 130 during the decade in which he has headed the group.
He says recent government reports calling for more regulation of the life settlement industry show the industry is now widely accepted.
Recent reports from the U.S. Government Accountability Office and the U.S. Securities and Exchange Commission show “that the exhausting era of daily and constant fire-fighting is over and our establishment as a worthy industry has been formally recognized and affirmed,” Head says. “Now we cannot be and will not be crushed by powerful opponents. Our value will become increasingly known to the American public. So it is time for me to go after a constructive transition.”