Nicholas Sawuk joins Abacus as Managing Director

Photo Courtesy (Abacus Life Insurance)

Abacus Settlements, LLC (d/b/a Abacus Life) and Longevity Market Assets, LLC (together “Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, recently announced that Nicholas Sawuk has joined the Company as Managing Director.

Nicholas Sawuk has joined the Company as Managing Director

Sawuk brings nearly 20 years of experience in financial services and life settlements and has worked for companies such as a European Life Settlement Fund with its own life settlement provider, as well as Cantor Fitzgerald on Cantor Insurance Group’s life settlement and insurance-linked securities desk in New York. Most recently, Sawuk served as the of Head of Sales at Life Policy Traders, Inc., providing strategic solutions to managed funds, pension plans and other institutional investors seeking to minimize volatility through alternative asset allocation. As Managing Director at Abacus, Sawuk will be responsible for investment fund formation, capital raising, institutional policy trading, and portfolio and policy due diligence.

Abacus Life CEO Jay Jackson

“I am thrilled to welcome Nicholas to the Abacus team and believe his extensive expertise in the life settlements industry will be crucial to support and strengthen our vision and growth initiatives that are already underway,” said Abacus Life CEO Jay Jackson. “We are scaling our team to fulfill our growing needs and to allow Abacus to continue expanding our portfolio and remain a leader in the life settlements industry. We have increased our employee numbers by 43% in the last year to meet our current growth.”

Abacus Life has entered into a definitive merger agreement with East Resources Acquisition Corporation (NASDAQ: ERES) (“ERES”), a special purpose acquisition company, that will result in Abacus becoming a publicly listed company. Upon closing of the transaction, the combined company will be named Abacus Life, Inc. and is expected to remain listed on Nasdaq under the new ticker symbol “ABAL.”


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