Byrd Settlements

What Byrd Settlements does

Byrd Settlements, Inc. is a privately held structured settlement brokerage and settlement planning firm headquartered in Winston-Salem, North Carolina, specializing in personal injury cases. The company provides four core products: Structured Settlements (tax-free, guaranteed periodic payments funded through annuity contracts issued by highly rated life insurance carriers), Settlement Trusts (including Special Needs Trusts and Settlement Preservation Trusts), Plaintiff Protection Accounts for managing recovery funds, and Attorney Fee Management services for plaintiff law firms seeking tax deferral strategies. Case sizes handled range from $3,000 to over $100 million, spanning medical negligence, auto and truck accidents, explosions, equipment failures, workers' compensation, wrongful death, and mass tort scenarios.

The firm operates as a consultant, intermediary, and planner embedded in the litigation lifecycle, working alongside plaintiff attorneys during mediations, before settlement, and post-settlement. It positions itself as a single point of contact coordinating trustees, trust attorneys, and financial advisers, and offers a relatively differentiated Trust Protector Service that allows replacement of underperforming trustees or financial advisers without court petition — a service the company notes is rarely suggested by trustees or advisors themselves. The company claims a "Plaintiff First" pricing model that stacks independent trustees, investment advisers, and trust protectors at lower cumulative cost than typical 1–2 party trust arrangements, with claimed savings of approximately 25% or more in annual fees (~$5,500+ per million per year).

Revenue is generated through professional services fees for settlement management coordination and trust protector services, with the underlying structured settlement economics funded through annuity placement with carrier partners. The company holds relationships with major insurance and annuity providers including AIG, Atlas Settlement Group, New York Life, Pacific Life, MetLife, Berkshire Hathaway, Liberty Mutual, Mutual of Omaha, Prudential, and USAA. It maintains licensure through the North Carolina Department of Insurance and is licensed across states, with membership in the National Structured Settlements Trade Association (NSSTA), American Association for Justice, and North Carolina Advocates for Justice. The firm operates from three locations (Winston-Salem HQ, Statesville, and Meadows of Dan) and is led by founder Evans Byrd with over 16 years of industry experience.

Name

Byrd Settlements

Legal name

Byrd Settlements, Inc.

Website

https://byrdsettlements.com

Company type

Private

Operating status

Operating

Short description

Byrd Settlements is a privately held structured settlement brokerage firm based in Winston-Salem, NC that plans and manages personal injury settlements — including structured annuities, settlement trusts, and plaintiff protection accounts — for plaintiffs and their attorneys.

Ownership category

akta.pro rank

Product category

Settlement Planning and Brokerage Services

NAICS

Miscellaneous Intermediation (523910)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Structured Settlement Annuities (FSAIACAJ)

akta.pro secondary industry

Escrow, Trust & Legal Settlement Disbursements (FSAMAKAO)

Keywords

• Structured settlement planning
• Personal injury settlements
• Settlement trust services
• Plaintiff asset protection
• Attorney fee management

Headquarters

HQ city

Winston Salem

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Settlement Management Services: Fees for coordinating settlement management processes including trust administration, structured settlement setup, and financial advisory coordination. The company negotiates fees with trustees and financial advisers on behalf of clients, saving approximately 25% or more in annual fees.
2. Trust Protector Services: Nominal fees for serving as trust protector, allowing clients flexibility to remove and replace trustees or financial advisers during the life of the trust

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Byrd Settlements provides settlement planning and brokerage services for personal injury plaintiffs and their attorneys. It structures settlement payments, establishes settlement and special-needs trusts, manages plaintiff protection accounts, structures attorney fees, and coordinates trustees, financial advisers, and trust attorneys from pre-mediation through post-settlement management.

Product overview

Byrd Settlements offers a suite of financial settlement management services for personal injury plaintiffs and attorneys. The core offerings include Structured Settlements (guaranteed, tax-free periodic payments via annuity contracts), Settlement Trusts (asset protection including Special Needs Trusts and Settlement Preservation Trusts), Plaintiff Protection Accounts (flexible fund management), and Attorney Fee Management (tax deferral strategies). These products work together to protect recoveries, simplify financial management, and secure long-term futures for clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Structured Settlements Arranges guaranteed, tax-free periodic payments for personal injury plaintiffs receiving lump-sum settlements, with payments funded through annuity contracts issued by highly rated life insurance companies.
• Trusts (Settlement Trusts) Provides customized settlement trusts for personal injury plaintiffs, including Special Needs Trusts to support Medicaid or SSI eligibility and Settlement Preservation Trusts for more flexible asset management.
• Plaintiff Protection Accounts Provides financial accounts and planning support for plaintiffs to manage settlement recoveries for future medical expenses, education, lifestyle needs, and other long-term obligations.
• Attorney Fee Management Creates structured attorney-fee deferral, tax-reduction, and retirement-planning strategies for plaintiff attorneys and their firms, with the stated objective of improving long-term financial stability through variable case cycles.
• Trust Protector Services Provides professional trust oversight that allows clients to remove and replace trustees or financial advisers during the life of a settlement trust without a court petition.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

13 partnerships are on record, tiered core, flagship and regional.

• AIGcoreOthersLife insurance company partner providing annuity products for structured settlements. Byrd Settlements works with highly rated insurance companies including AIG for funding structured settlement payments.
• Atlas Settlement GroupcoreOthersSettlement services partner providing structured settlement and related financial products.
• New York LifecoreOthersLife insurance company providing annuity products for structured settlements with high ratings.
• Pacific LifecoreOthersLife insurance company providing annuity products for structured settlements, including Pacific Life and Pacific Life and Annuity Company.
• Metropolitan Life Insurance CompanycoreOthersLife insurance company providing annuity products for structured settlements, including MetLife Insurance Company USA.
• Berkshire HathawaycoreOthersInsurance conglomerate partner including Berkshire Hathaway Life Insurance Company and First Berkshire Hathaway providing annuity products.
• Liberty MutualcoreOthersInsurance provider including Liberty Mutual Life Assurance Company of Boston providing annuity and structured settlement products.
• Mutual of OmahacoreOthersInsurance company providing annuity products for structured settlements.
• PrudentialcoreOthersLife insurance company providing annuity products for structured settlements.
• USAAcoreOthersInsurance company providing annuity products for structured settlements.
• National Structured Settlements Trade Association (NSSTA)flagshipStrategic or Co-development PartnerIndustry trade association representing nearly 1,200 licensed consultants, attorneys, insurance companies and other professionals in the structured settlement industry. Byrd Settlements is a member and the company references NSSTA standards and practices.
• American Association for JusticecoreStrategic or Co-development PartnerProfessional association for plaintiff attorneys. Byrd Settlements is listed as an associate member, indicating a strategic relationship for attorney referrals and industry collaboration.
• North Carolina Advocates for JusticeregionalStrategic or Co-development PartnerRegional professional association for plaintiff attorneys in North Carolina. Byrd Settlements is listed as an associate member, serving as a key referral channel in the company's home state.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Ringler Associates: Largest structured settlement and annuity brokerage in the US with nationwide coverage. Directly comparable business model — brokering structured settlement annuities funded by top-rated carriers for personal injury plaintiffs and attorneys — but with a much broader footprint and institutional resources.
• MetLife Structured Settlements: One of the major life insurance carriers funding structured settlement annuities that Byrd brokers. Operates upstream of Byrd as a capital provider but also has direct structured settlement origination, creating both supplier and competitor dynamics.
• Prudential Structured Settlements: Major carrier providing structured settlement annuities through brokers including Byrd. Similar to MetLife — both a key funding partner and a competitive channel for settlement origination at the carrier level.

Direct peers

• Structured Financial Associates: National structured settlement consulting firm serving plaintiff attorneys and claimants with structured settlements and settlement planning. Operates in the same niche as Byrd with similar carrier-funded annuity offerings and attorney referral GTM.
• Sage Settlement Consulting: Plaintiff-side settlement planning consultancy providing structured settlements, trust planning, and settlement preservation services. Directly comparable to Byrd in service mix (trusts, structured settlements, plaintiff protection) and target customer (plaintiffs/attorneys).
• The Settlement Alliance: Structured settlement consulting company providing settlement planning, structured annuities, and trust services to plaintiff attorneys and claimants. Directly comparable offering and customer base.
• Economic Settlements Inc. Structured settlement and financial planning firm focused on personal injury and mass tort claimants. Overlaps directly with Byrd's core services (structured settlements, trusts, plaintiff financial planning) and plaintiff-attorney referral motion.
• Allstate Structured Settlements: Specialized division providing structured settlement consulting for personal injury cases with trust and annuity coordination. Comparable niche focus on settlement planning and broker services.
• Atlas Settlement Group: Settlement services partner listed as a core alliance of Byrd, providing structured settlement and related financial products. Operates as a peer/partner in the same plaintiff-side settlement ecosystem.

Others

• National Structured Settlements Trade Association (NSSTA) member firms: NSSTA represents nearly 1,200 licensed structured settlement consultants, attorneys, and providers — the competitive peer set Byrd operates within. Member firms collectively represent the addressable competitive landscape.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/byrd-settlements-inc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Byrd Settlements