Lombard International Assurance S.A.
Lombard International Assurance to Acquire Zurich Eurolife S.A.'s Private Banking Solutions Business
LUXEMBOURG--(Marketwired - January 11, 2016) - Lombard International Assurance has entered into a definitive agreement with Zurich Eurolife S.A. to acquire its Private Banking Solutions business in Luxembourg. The sale is subject to regulatory approvals and it is expected to complete in the first quarter of 2016.
Lombard International Assurance was chosen because of its leading position in the industry as a provider of multi-jurisdictional wealth planning solutions to high net worth individuals and their families throughout Europe, the United States and Latin America. Lombard International Assurance's European partner networks will ensure continued support to the clients impacted by the acquisition.
This acquisition further strengthens Lombard International Assurance's position in Europe. In Italy its commitment to clients and distributors is reinforced through a branch office in Milan and a representative office in Rome.
John Hillman, Executive Chairman of Lombard International, said: "This transaction further demonstrates Lombard International's leadership position and commitment to the market. It allows us to leverage our resources effectively to serve our target market by providing best-in-class, holistic wealth planning solutions for clients across the globe."
Xavier Nevez, CEO of Zurich Eurolife S.A., said: "The decision to sell our Private Banking Solutions Business in Luxembourg is in line with Zurich Insurance Group's strategy to focus its investments on businesses and markets where it has a strong and competitive position. In Luxembourg, we continue to focus on corporate risk and savings solutions."
About Zurich Eurolife S.A.
Zurich Eurolife S.A. -- Zurich's wholly owned subsidiary in Luxembourg -- has been providing life insurance to individuals since 1995. The Zurich Group is a leading multi-line insurer that serves its customers in global and local markets. With about 55,000 employees, Zurich provides a wide range of general insurance and life insurance products and services. The Zurich Group serves individuals, small businesses, and mid-sized and large companies, including multinational corporations, in more than 170 countries.
For further information about Zurich Eurolife S.A. visit: www.zurich.lu
About Lombard International Assurance
Lombard International Assurance is a leading life insurance-based wealth solutions provider, combining the strength and expertise of two specialist life insurance companies with over 20 years' experience and market leadership in their respective fields. Lombard International Assurance provides wealth structuring solutions using unit-linked life insurance products to high net worth individuals, their families and institutions around the globe.
The global group, branded as Lombard International , launched to market in September 2015. With head offices located in Luxembourg and Philadelphia, a combined global presence enables Lombard International to serve clients' complex needs on a global basis while being sensitive to local cultures and attitudes.
Global assets under administration are in excess of USD 75 billion with a global staff number of over 500, including more than 60 technical experts specializing in 20+ jurisdictions.
Funds managed by Blackstone own Lombard International. Blackstone is one of the world's leading investment firms with over $330 billion in assets under management.
For further information about Lombard International Assurance visit: www.lombardinternational.com
Lombard International Assurance
+352 34 61 91-456
Zurich Eurolife S.A.: Group Media Relations
+41 76 399 69 06
Lombard International Assurance S.A.
4 rue Lou Hemmer
Grand Duchy of LuxembourgÂ
Tel +352 34 61 91-1Â
Fax +352 34 61 90
VAT LU 15902470Â
Taxâ 1991 2204 696
Italian Branch/Sede secondaria italiana
Piazza San Marco 3
Tel +39 02 3670 5260
Fax +39 02 3670 5263
Iscrizione Albo IVASS della Sede
secondaria italiana n. I.00121Â
Representative offices in
ROME, GENEVA, LUGANO, ZURICH Â Â
Information om Marketwired
Følg pressemeddelelser fra Marketwired
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Marketwired
Bombardier Inc.23.4.2018 22:11 | pressemeddelelse
Media Advisory: Bombardier to Report its First Quarter 2018 Financial Results and to Hold its Annual Meeting of Shareholders on Thursday, May 3
Bombardier Transportation18.4.2018 16:08 | pressemeddelelse
Bombardier Signs Long-Term Maintenance Contract for Melbourne's First High-Capacity Signalling System
Bombardier Transportation6.4.2018 14:16 | pressemeddelelse
Bombardier Wins Contract to Provide 40 High Speed Regional Trains to Vasttrafik in Sweden
Bombardier Transportation27.3.2018 15:32 | pressemeddelelse
Bombardier to Provide Five Additional AVENTRA Trains for Elizabeth Line
Bombardier Transportation26.3.2018 13:09 | pressemeddelelse
Bombardier Secures Rail Services Contract Extension with Maryland Transit Administration
Bombardier Transportation22.3.2018 17:15 | pressemeddelelse
Bombardier Wins Contract to Extend People Mover System in Phoenix
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum