Lombard International, a global leader in wealth structuring solutions for the high net worth market, today announced the appointment of Phil Trussell as Senior Managing Director to lead the expansion of its life insurance operations in Bermuda.
“As we continue to implement our strategy to serve the global high net worth market, our organization in Bermuda is ideally positioned to bring our platform of new private placement life and annuity products to the market,” said Ken Kilbane, Head of Global Distribution at Lombard International. “Bermuda has an excellent global reputation, strong regulatory environment and robust insurance legislation, which makes it a key strategic business center. We are pleased to have Phil, who has significant experience in the high-net worth insurance field, join us and direct our Bermuda activities.”
The expansion of the Bermuda based life business follows a string of recent developments by Lombard International including the opening of its brokerage office in Hong Kong to serve the Asia market and the firm’s recent opening of a representative office in Paris.
“I’m delighted to join Lombard International during this exciting expansionary time,” said Mr. Trussell. Together with my colleagues, I look forward to delivering an industry-leading range of products and services for our business partners.”
Phil Trussell brings over 20 years of experience as an insurance professional. He joins Lombard International from The Argus Group in Bermuda where he most recently served as VP & Managing Director, International Life, specializing in private placement universal life insurance and annuities for the global marketplace.
About Lombard International
Lombard International is a leading global 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 provides wealth-structuring solutions using private placement life insurance and annuity 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. The firm is an industry leader in providing multi-jurisdictional wealth planning solutions through its partner networks across the United States, Europe, Asia and Latin America.
Global assets under administration are in excess of USD 75 billion with a global staff numbering 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 assets under management of over USD 350 billion.