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

Eskatos is a Luxembourg domiciled fund focused on insurance-linked securities (ILS). The Fund was launched in 2008 and its main objective is to achieve capital appreciation within defined risk parameters and to consistently strive to provide superior risk-adjusted returns over time. The Fund is managed by Eskatos Capital Management, representing the ILS branch of the Azimut Group. Eskatos Capital Management and its dedicated ILS technical analysis & research unit currently employ in total 14 professionals with extensive experience in the ILS space and with backgrounds in physics, mathematics, actuarial/financial engineering and law. The whole team is keen on staying on top of the innovations that continuously come in a fast-growing environment such as the ILS space. We ultimately aim to create investment opportunities maintaining first class standards of investment research, asset selection, business sourcing and development, administration, operations and compliance.

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 the association. It’s great to have a company of Eskatos’ standing and reputation as a new member, and we look forward to actively engaging with them in the activities of the association.’

Andrea Siviero, a member of Eskatos’ board of directors, commented ‘Eskatos is very pleased to become a member of ELSA. We look forward to supporting their mission of promoting the development of the European life settlement industry and best practices among investment managers and service providers.’

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.