Kosmos Management’s Nate McCormick elected incoming LISA chair

LISA members elected Nate McCormick, Kosmos Management’s EVP and head of origination, as incoming board chair at the group’s Nov. 10 member meeting during the 32nd Annual Life Settlement Conference. The leadership change signals continuity for the industry’s largest trade association as it looks to promote a more transparent, regulated life settlement market in 2027.

Why it matters: - LISA plays a central role in the life settlement market, which gives seniors an alternative to lapsing or surrendering a life insurance policy. - McCormick’s election puts an experienced origination executive at the helm of the nation’s oldest and largest life settlement trade association. - The transition comes as LISA aims to strengthen awareness, standards and confidence in a market used by seniors, advisors and investors.

What happened: - LISA members elected Nate McCormick, EVP, Head of Origination at Kosmos Management, as incoming board chair at the association’s Member Meeting on Tuesday, Nov. 10. - The vote took place during the 32nd Annual Life Settlement Conference. - McCormick succeeds Rob Haynie, managing director of Life Insurance Settlements, Inc., whose term as board chair is ending. - Four new directors were elected to three-year terms starting Jan. 1, 2027: Gary Kuchera, John McCarroll, Dave Souders and Roger Tafoya. - Bryan Nicholson, LISA’s executive director, said the board now reflects every part of the industry and is positioned for a strong 2027.

The details: - McCormick said life settlements can give seniors a real choice when a policy no longer fits their needs. - McCormick said he wants to help raise awareness and strengthen a safe, transparent and well-regulated marketplace. - McCormick has more than 15 years of life settlement experience. - He began in 2011 as an analyst at Vida Capital. - At Vida Capital, McCormick advanced to portfolio manager, senior portfolio manager and later managing director, trading. - He also held senior roles at Magna Life Settlements, including vice president of acquisitions and president. - McCormick joined Kosmos Management in 2025. - LISA says its mission is to promote the development, integrity and reputation of the life settlement industry, advance professional standards and educate consumers and advisors. - LISA represents participants across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. - The association has membership of more than fifty companies.

Between the lines: - The leadership shift keeps LISA under the guidance of an executive with direct market experience on the origination side. - Haynie’s move to immediate past chair suggests continuity rather than a reset. - A board with new directors from across the market may help LISA balance different interests as the industry works to expand acceptance and maintain regulatory credibility.

What’s next: - McCormick’s term as incoming chair begins with the next board cycle. - The four newly elected directors begin their terms on Jan. 1, 2027. - Haynie will remain on LISA’s Executive Committee as immediate past chair. - LISA will continue pushing consumer education and market development under its 2027 leadership structure.

The bottom line: - LISA is handing the gavel to a veteran market operator as the association looks to reinforce trust, transparency and adoption across the life settlement industry.