Lombard International
FPI could be sold Lombard Intl purchased
Friends Life has agreed to sell its Luxembourg-based Lombard International Assurance business to global investment group Blackstone for an initial consideration of £317m (399m).
friends life to receive offers to buy lombard
Friends Life is getting closer to selling its Luxembourg-based Lombard International Assurance business, with an imminent offer on the cards.
luxembourg life companies quietly flourish
Since the global financial crisis in 2008, a handful of life companies in Luxembourg have seen their businesses flourish, as high- and ultra-high-net worth individuals in certain European markets have turned to a type of single premium bond marketed by these insurers as a safe and tax-efficient place to park their wealth.
People Moves | 7 Mar 14
lombard appoints former merrill lynch chief
Lombard International Assurance has appointed a former Merrill Lynch chief to lead its Wealth Structuring Solutions unit.
lombard unveils gifting plan
Lombard International Assurance has unveiled a new asset-gifting plan that it says will permit UK-resident individuals to bequeath assets to their children, while retaining "some control over when they receive them".