Utmost to acquire Luxembourg's Lombard International Assurance to strengthen its position in Europe
Jul 04, 2024•over 1 year ago
Acquiring Company
Utmost
Acquired Company
Lombard International Assurance
London
LuxembourgInsuranceFinancial ServicesInsuranceEmployee BenefitsFinancial ServicesDescription
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.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed