Coventry Expands LILY Life Insurance-Backed Funding Program with $750 Million in New Asset-Backed Notes
Coventry Expands LILY Life Insurance-Backed Funding Program with $750 Million in New Asset-Backed Notes Leave a reply FORT WASHINGTON, Pa., Jan. 27, 2026 (GLOBE NEWSWIRE) — Coventry, the leader and creator of the secondary market for life insurance and a pioneer of the life insurance-backed asset class, today announced the successful completion of its third asset-backed securitization since April 2025 under its LILY program. Collectively, these transactions total $750 million in life insurance-backed financing and further establish Coventry as the leading platform for institutional investors seeking differentiated exposure to longevity-linked assets. The LILY program structures longevity-linked assets into investment-grade asset-backed securities that emphasize durable collateral, predictable cash flows, and characteristics that are largely uncorrelated with traditional markets. By combining disciplined underwriting, actuarial analytics, and robust structural protections, LILY provides investors with access to a specialized asset class through a familiar ABS format. “What’s most important about the success of the LILY program is not any single transaction, but the establishment of a repeatable, institutional-quality issuance platform for life insurance-linked assets,” said Reid Buerger, CEO of Coventry. “That evolution reflects years of building the origination scale, analytics, servicing capabilities, and structural rigor required to support sustained securitization activity.” The continued growth of the LILY program underscores Coventry’s position at the intersection of life insurance, asset-backed finance, and private credit, and highlights the firm’s role in shaping the institutional market for longevity-linked investments. As demand for high-quality, uncorrelated assets continues to grow, Coventry expects LILY to play a central role in funding the responsible expansion of the life insurance-backed asset class. About Coventry Coventry is the leader and creator of the secondary market for life insurance and a pioneer of the life insurance-backed asset class, operating an integrated platform across four complementary verticals: the secondary market for life insurance, longevity lending, life