Coventry Capital Ltd. has received Financial Services Authority authorization to arrange life settlement transactions on behalf of institutions in the United Kingdom.

The approval also gives Coventry Capital the right to provide similar services across the European Economic Area, according to Coventry Capital, an affiliate of Coventry First L.L.C., Fort Washington, Pa.

The company says it will help European institutions invest in life settlements, and also in instruments such as longevity-related structured notes and total-return swaps.