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Lombard International has its Insurance Financial Strength A Rating affirmed by Kroll Bond Rating Agency

  • Lombard International’s five key subsidiaries all have their A rating affirmed by Kroll Bond Rating Agency.
  • The ratings reflect Lombard International’s strong market position, profitability and low-risk business strategy.
  • Continued investment in technology, efficiency and additional scale will continue to facilitate earnings growth.

02 August, 2019 – Philadelphia and Luxembourg: Lombard International, a global leader in wealth planning solutions for high net worth individuals, families and institutions, has had its A rating affirmed by Kroll Bond Rating Agency (KBRA). Lombard International’s five key subsidiaries were all awarded the A rating with KBRA also affirming the issuer rating and senior unsecured debt rating of BBB for the Group’s ultimate holding company, LIA Holdings Limited.

The ratings reflect Lombard International’s strong market position in the global private-placement, unit-linked life and annuity market. This has been driven by Lombard International’s extensive market reach, deep expertise across multiple markets and investments in technology.

Commenting on the results, John Hillman, Group Chief Executive of Lombard International, said: “Lombard International continues to build momentum in our highly specialized market, delivering against our growth objectives in a thoughtful manner.”

“At Lombard International, we are entrusted to safeguard our clients’ assets for future generations. This trust is earned through our truly unique level of expertise, the quality of our team, and the level of service that we offer to our clients and partners, wherever they are in the world.”

“KBRA affirmation of our ratings is testament to our vision and commitment to our clients in Asia, Europe, Latin America and the US. It is also a validation of the investment we have made to further enhance our business.”

About Lombard International

Lombard International is a leading life insurance-based wealth solutions provider with over 25 years’ experience. We have the strength and expertise to provide wealth structuring solutions using private-placement, unit-linked life insurance and annuities to ultra-high net worth individuals, their families and institutions around the globe.

With head offices in Luxembourg and Philadelphia, and serving over 20 markets across the United States, Europe, Asia and Latin America, we are able to provide multi-jurisdictional wealth planning solutions on a global basis with a deep understanding of local cultures and attitudes.

Global assets under administration are in excess of €44.9bn ($51.0bn) as of 30 June 2019. Our global team of over 500 includes more than 60 technical experts and over 100 client services professionals specializing in multiple jurisdictions.

Funds managed by Blackstone own Lombard International. Blackstone is one of the world’s leading investment firms with $545 billion in assets under management as of 30 June 2019.

About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus.

KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.