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

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.

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.

Simon Erritt, ELSA Chair, said, “ELSA, its staff and all its members extend a very warm welcome to Life Equity. It is great to have a company of their standing and reputation as a new member.”

Cynthia Poveda, Life Equity’s Chief Executive Officer, commented “Life Equity is pleased to join ELSA in support of their mission to promote 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.