Utmost to acquire Luxembourg's Lombard International Assurance to strengthen its position in Europe
Acquiring Company
Utmost
Acquired Company
Lombard International Assurance
London
LuxembourgFinancial ServicesInsuranceFinancial ServicesEmployee BenefitsInsuranceDescription
Utmost, a leading British insurance company, has successfully struck a deal to acquire Lombard International Assurance, a prominent firm based in Luxembourg. This acquisition will significantly expand Utmost's portfolio, adding £43 billion of assets and over 20,000 policies. The move aims to strengthen Utmost's position in key markets throughout Europe and reinforces its commitment to providing high-quality financial services.
Quick answer
Utmost is acquiring Lombard International Assurance, announced July 4, 2024. Utmost is based in London, England, United Kingdom.
- How much did Utmost pay for Lombard International Assurance?
- The deal value was not disclosed.
- What does Utmost do?
- Utmost is a leading British insurance company with a strong focus on international life assurance.
- Where are Utmost and Lombard International Assurance based?
- Utmost is based in London, England, United Kingdom. Lombard International Assurance is based in Luxembourg.
Source: Fundz verified event record.
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Frequently asked
Who acquired Lombard International Assurance?
Lombard International Assurance was acquired by Utmost, based in London. The deal was reported on July 4, 2024. Utmost is a leading British insurance company with a strong focus on international life assurance. Utmost is privately held and operates in Financial Services.
When did Utmost acquire Lombard International Assurance?
Utmost's acquisition of Lombard International Assurance was reported on July 4, 2024. Utmost, a leading British insurance company, has successfully struck a deal to acquire Lombard International Assurance, a prominent firm based in Luxembourg. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Lombard International Assurance do?
Lombard International Assurance Holdings is a Luxembourg-based major player in the insurance-based wealth solutions market. As of 30 June 2024, on a pro-forma basis, it had over €120bn in assets under administration and around 500,000 policyholders. It is privately held, operating in Financial Services, and is based in Luxembourg.
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