The European Life Settlement Association (ELSA) announces this week that its Membership Committee has approved the membership application of Cafico International.

Cafico International, based in Ireland, is a leading independent Trust and Corporate Services Provider. Cafico International works closely with financial institutions and local lawyers in the provision of corporate administration and trustee services. The company currently has over 150 clients from the FDI and financial services sectors, including leading investment banks and NYSE and NASDAQ listed companies. To date, Cafico International has been engaged as the corporate administrator for public transactions that have listed debt on the Irish and London Stock Exchanges with a nominal value in excess of $15BN.

Founded in 2009, ELSA represents European funding sources, service providers and intermediaries in the life settlement market who are looking to promote transparency by providing accurate and authoritative information to investors, regulators and the media. The association’s focus is on the promotion of best practices and the positive development of the European life settlement industry’s reputation amongst all stakeholders.

Alec Taylor, ELSA Chair, said ‘On behalf of its staff and all its members, I would like to extend a very warm welcome to Cafico. It’s great to have another Dublin based organization joining ELSA, demonstrating the continued growth of the jurisdiction in the Life Settlement sector. We look forward to engaging Cafico in the activities of the association going forward’’

Rodney O’Rourke, Cafico International’s Managing Director commented, ‘Cafico is pleased to join ELSA in support of their mission to promote the development of best practices within the European life settlement industry’.

ELSA members must comply with the association’s Code of Practice which is a comprehensive framework that ensures the highest professional and ethical standards within the industry and protection of the interests of investors in the asset class.