Imperial Holdings, Inc., a specialty finance company with a focus on providing liquidity solutions to owners of illiquid financial assets, has become a member of the European Life Settlement Association (ELSA), an organization dedicated to setting standards and promoting best practices for the European life settlement industry.

Founded in 2009, ELSA represents European and American 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.

Simon Erritt, ELSA Chair, said, “ELSA is delighted that Imperial has chosen to join the association. We welcome their commitment to supporting ELSA’s objectives of transparency and self-regulation in the life settlement industry and protecting investors’ interests.”

Richard (Rory) O’Connell, Jr., Imperial’s chief financial officer, commented, “We are very pleased to be invited to join ELSA and its roster of prominent companies in the global life settlement industry. We are looking forward to becoming an active participant in the association’s policy and institutional funding discussions as Imperial looks to expand its presence in Europe.”

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.