ELSA’s Members are united in their commitment to the long-term development of the industry. Through their involvement in one or more of ELSA’s committees, each of them plays a key role in the day-to-day running of the association and the advancement of its goals.
Members also certify their compliance with the association’s Code of Practice – a comprehensive framework that ensures the highest professional and ethical standards within the industry and protects the interests of its investors.
AA-Partners Ltd (AAP) is an independent investment boutique specialized in advisory services for institutional clients. Based on our expertise we are the sponsor of the AAP Life Settlement Index, a benchmark for the life settlement industry tracking the performance of open-ended funds with a strategy in the life settlements area. AAP was founded in January 2007 and is domiciled in Zurich (Switzerland).
Witikonerstrasse 36 | CH-8032 Zurich | Switzerland
Tel: +41 79 834 3863
Arent Fox LLP, with offices in Washington, DC, New York, and Los Angeles, is a recognized leader in areas including insurance, intellectual property, real estate, telecommunications, health care, automotive, sports, white collar, international trade, bankruptcy, and complex litigation.
With more than 350 lawyers nationwide, Arent Fox has extensive experience in corporate securities, financial restructuring, government relations, labor and employment, finance, tax, corporate compliance, and the global business market. The firm represents Fortune 500 companies, government agencies, trade associations, foreign governments, and other entities.
Arent Fox LLP
1675 Broadway | New York | NY 10019-5820 | USA
Tel: +1 212 484-3948
Arthur Cox is one of Ireland’s leading law firms. For over 90 years, it has been at the forefront of developments in the legal profession in Ireland. An international firm encompassing all aspects of corporate and business law, the firm has 350 lawyers and a total staff of almost 700 in offices in Dublin, Belfast, London, New York and Silicon Valley.
The firm provides a comprehensive service to a diverse international and domestic client base. Clients include multinational organisations, banks and financial institutions, government departments, State entities and new players in emerging industry sectors.
In both 2015 and 2014, Arthur Cox was named Ireland Law Firm of the Year at the IFLR Europe Awards, Ireland Law Firm of the Year by Who’s Who Legal and Best Firm in Ireland at the Europe Women in Business Law Awards. In 2014, the firm was named Mergermarket M&A Legal Adviser of the Year for Ireland and received the Client Service Award for Ireland at the Chambers Europe Awards for Excellence.
Earlsfort Centre | Earlsfort Terrace | Dublin 2 | D02 CK83 | Ireland
Formed in 2009, BroadRiver Asset Management, LP specializes in the management of fixed income alternative investments for sophisticated institutional investors, including pension plans, endowments and high net worth family offices. The firm’s founders have been serving this clientele individually for over 20 years and as a team for more than a decade.
We focus on private credit investments with dependable yield, low correlation to the financial markets, and low-volatility. We are particularly sensitive to protection of principal and our clients’ needs to reliably match or exceed overall portfolio benchmarks.
Our investments cover a range of durations and include longevity risk, government tax receivables, and investment-grade corporate receivables, offered through co-mingled funds, managed accounts, and structures accommodating investors seeking tax efficiency.
350 Fifth Avenue, Suite 4215 | New York | NY 10118 | USA
Tel: +1 212 486-0600
Cafico International, is a leading Irish, independent Trust and Corporate Services Provider of choice for international companies and financial institutions seeking a cost-effective, tailored solution when doing business in Ireland. Cafico works closely with financial institutions and local lawyers in the provision of corporate administration and trustee services to currently over 150 clients from the FDI and financial services sectors, including leading investment banks and NYSE and NASDAQ listed companies.
To date, Cafico have been engaged as the corporate administrator of choice for public transactions that have listed debt on the Irish Stock Exchange or the London Stock Exchange with a nominal value in excess of $15BN. In addition, Cafico have assisted numerous international clients with the implementation of their international restructuring projects or expansion efforts, through the establishment, administration and management of their Irish operations. In many instances our service has extended to providing ancillary services such as office space or staff procurement.
Palmerston House | Fenian Street | Dublin | 2
Tel: +35 31905 8021
For more than 30 years, Coventry has been redefining insurance. By uniquely bridging capital and insurance markets, we created the secondary market for life insurance and pioneered the resulting life settlement industry, opening a wealth of opportunities for consumers, financial professionals, and institutional investors alike. Our efforts have delivered $3.5 billion to policyowners and launched a global longevity market.
As the market leader, we continue to drive the industry forward by setting new standards of excellence in everything we do. Our deep experience in life insurance, specialized finance, and capital markets combined with a fierce commitment to consumer rights makes us the clear market leader – a position we use to continually raise industry standards, promote strict regulation, and expand consumer choice.
Today, Coventry is a global financial services company. We are committed to establishing a healthy and vibrant secondary market for life insurance. Our global distribution platform and deep structuring expertise offer a range of custom solutions to counterparties worldwide, providing institutional investors with unrivaled access to the US longevity market.
Coventry Capital Ltd
33 St. James’s Square | London | SW1Y 4JS | UK
Tel: +44 20 7318 8903
DRB Capital (DRB) is a leading provider of liquidity solutions for consumers and businesses that require cash for a variety of high quality, but illiquid asset classes. The firm’s primary focus is on the purchasing of annuity and structured settlement payments. The firm was founded by industry veterans with decades of experience in serving these markets and developing new markets. The management team is continuously innovating and bringing new options to consumers and small/medium sized businesses alike.
1625 S. Congress Avenue, Suite 200 | Delray Beach | FL 33445 | USA
Tel: +1 561 982-3466
Emergent Capital is a specialty finance company providing customized liquidity solutions to owners of illiquid financial assets. Emergent purchases and sells life insurance policies issued by insurance companies generally rated “A+” or better by Standard & Poor’s or “A” or better by A.M. Best Company.
Emergent’s expertise provides their clients newfound control over their previously untapped financial assets. Applying their knowledge of the latest financial instruments – including their institutional specialization in the alternative cash flow market, and strive to give their clients more power to achieve their financial objectives and better their lives.
5355 Town Center Road, Suite 701 | Boca Raton | FL 33486 | USA
Tel: +1 888 364-6775
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 provide superior risk-adjusted return over time. The Fund is managed by Eskatos Capital Management that represents 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 and ultimately turn them into investment opportunities maintaining first class standards in terms of investment research, asset selection, business sourcing and development, administration, operations and compliance.
20 | Boulevard Emmanuel Servais L-2535 | Luxembourg
Tel: +352 266 381 4141
EY is an international professional services firm with 167,000 people across 728 offices in 150 countries. It services clients across Assurance, Advisory, Tax, Transaction Advisory Services in many industries, including life settlements.
EY has over seven year’s experience of working with clients in the life settlements industry and it draws on its wider capital markets and longevity teams to provide life settlement expertise to the industry. Particular areas of focus are; regulated services (as auditor, calculation agent or valuation agent), due diligence for acquisitions or disposals, and a range of other advisory services including tax, regulatory, actuarial and restructuring.
EY has joined ELSA in order to work with other members to promote regulatory change within the life settlements industry and to improve regulatory disclosures in line with ELSA’s code of conduct.
Ernst & Young LLP
1 More London Place | London | SE1 2AF | UK
Tel: +44 20 7951 9018
Fasano Associates is a leading underwriting consulting firm serving the life, annuity and life settlement markets. Historically, Fasano’s life expectancy estimates have been the most consistent and accurate in the market.
Fasano is the only life expectancy underwriter to integrate physicians into the analytic process, and its cadre of physicians includes former Chief and Senior Medical Directors from companies such as New York Life, Genworth and John Hancock. Its robust medical analysis is complimented by state of the art actuarial research. Its proprietary mortality tables facilitate more precise cash flow modeling by incorporating changes in the slope of the mortality curve related to the severity of disease impairment.
Fasano licenses its database and mortality tables to qualified institutional investors. It also hosts an annual Fall Life Settlement and Longevity Conference that is geared to the investor market. (www.fasanoassociates.com\registration_form).
1201 15th Street, NW, Suite 250 | Washington | DC 20005 | USA
Tel: +1 202 457-8188
Life Equity LLC is a leading provider of origination and portfolio services for institutional investors in the life settlement industry. Life Equity was established in 2000, is institutionally owned and is recognized for its efforts in the promotion of industry regulation, high ethical standards and transparency in the marketplace.
The company is broadly licensed and has an industry-leading platform for policy acquisition, having originated over $3.5 billion in face value. Life Equity provides a full suite of insured and policy servicing, including valuation and analytics, premium optimization, premium payments, tracking and benefit collection.
Life Equity LLC
Founded in 1995, the Life Insurance Settlement Association (LISA) promotes the development, integrity and reputation of the life settlement industry and a competitive market for the people it serves.
LISA is the US’s oldest and largest organization representing participants in the Settlement Industry with a current membership of over 134 Companies, doing business in all fifty states and the District of Columbia and Puerto Rico and the U.S. Virgin Islands.
Members consist of Brokers, Providers, Financing Entities, and service providers to the industry. Since its inception, LISA has been the leader in promoting responsible legislation and regulation in the industry. Members and staff have contributed conceptual as well as detailed language to laws governing the industry in every regulated state. These efforts have resulted in improved public information and awareness while helping to create a competitive market place that serves consumers a valuable financial service.
Life Insurance Settlement Association
225 South Eola Drive | Orlando | FL 32801 | USA
Tel: +1 407 894-3797
Locke Lord is a full-service, international law firm of more than 20 offices designed to meet clients’ needs around the world. The Firm has a history that spans more than 125 years and is a worldwide leader in the middle market sector. Locke Lord advises clients across a broad spectrum of industries including energy, financial services, fund formation, health care, insurance and reinsurance, private equity and venture capital, real estate, and technology, media and telecommunications, while providing a wealth of experience through its complex litigation, intellectual property, regulatory and transactional teams.
Locke Lord Bissell & Liddell LLP
Lloyd’s, Suite 785 | One Lime Street | London | EC3M 7DQ | UK
Tel: +44 20 7327 4534
MLF LexServ is exclusively dedicated to supporting life settlement transactions and servicing life settlement portfolios, MLF LexServ utilizes a secure environment that provides clients transparent access to their portfolios and ensures that all assets are managed efficiently.
MLF LexServ LP
4350 East-West Hwy, Suite 905 | Bethesda | MD 20814 | USA
Tel: +1 240 333-7365
RedBird Capital Partners LLC is a New York and Dallas based principal investment firm focused on providing flexible, long-term capital in growth equity, build-up, and structured equity investments to help entrepreneurs grow their businesses. RedBird seeks investment opportunities in growth-oriented private companies in which its capital, investor network, and strategic relationships can help prospective business owners outperform operationally, financially and strategically by virtue of RedBird’s involvement.
RedBird Capital Partners LLC
3889 Maple Avenue, 6th Floor | Dallas | TX 75219 | USA
Tel: +1 214 238 4000
SL Investment Management Ltd is a specialist asset manager advising on, or managing, assets worth over £930 million/ US $1.5 billion (31/12/2009). Specifically, SL designs, builds and manages funds for institutional investors based on traded life insurance policies – US Life Settlements and UK Traded Endowment Policies.
Having worked with leading financial institutions, SL has developed a range of funds and is a leading UK expert in the traded life policy asset class. The company is considered to be the only full-service organisation in the UK dealing with both Life Settlement and TEP (Traded Endowment Policy) funds.
SL Investment Management Ltd
One City Place | Queens Road | Chester | CH1 3BQ | UK
Tel: +44 1244 317999
With roots dating back to the founding of Wilmington Trust Company by T. Coleman duPont in 1903, Wilmington Trust has been serving institutional clients for 112 years. We have been a leader in corporate trust services, serving on some of the largest and highest profile transactions.
As a unique provider due to our non-creditor role in transactions, we are able to act as a neutral, impartial trustee or agent. We take a creative and collaborative approach to employ a solution that works for your transaction.
Institutional Client Services
• International client base with clients in more than 90 countries
• Specialized trust and agency services for capital markets financing structures
• Customized institutional investment capabilities
Capital Markets Insurance Services
Wilmington Trust’s extensive experience in the secondary and tertiary life insurance market enables us to coordinate, execute, and manage your transactions successfully.
• Capabilities in the life settlement market include, but are not limited to working as: Securities Intermediary, Custodian and Sub-Custodian, Premium Paying Agent, Escrow Agent, and Trustee.
• Capabilities in the structured settlement market include, but are not limited to serving as: Collateral Agent, Collateral Trustee, Indenture Trustee, Verification Agent, Account Bank, Custodian, Back-up Servicer, Master Servicer and Lock-Box Bank.
1100 North Market Street | Wilmington | DE 19890-1600 | USA