- AM Best has reaffirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" of the domestic and international operating entities of Lombard International Group, for the second year running.
- Additionally, AM Best has also reaffirmed the Long-Term ICR of "bbb-" of LIA Holdings Ltd (The Group’s parent company). The outlook of these ratings is stable.
- These ratings reflect Lombard International Group’s strong position in the European and US private placement / unit linked life and annuity markets, as well as low risk business profile and its balance sheet strength, which AM Best categorizes again as very strong.
- Lombard International Group's continued investment in innovation, operational performance and global scalability strengthens its position for sustainable growth.
Lombard International Group, a global leader in wealth and succession planning solutions for high net worth individuals, families and institutions, has had its domestic and international operating entities’ Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Ratings of "a-" reaffirmed by AM Best, for the second year running.
The ratings are testament to Lombard International Group’s strong position in the European and US private placement / unit linked life and annuity markets, driven by its deep expertise across multiple markets and continued investment in technology. They also reflect Lombard International Group's balance sheet strength, which AM Best categorizes, again, as very strong. The company’s risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), is at the strongest level and benefits from the group's lower risk liability structure.
As highlighted by AM Best, Lombard International Group continues to experience positive growth trends in its assets under administration, driven by good net deposits and strong investment performance, while at the same time controlling its general expenses.
Commenting on the results, John Hillman, Group Chief Executive of Lombard International, said:
“Lombard International Group continues to demonstrate sustained growth across all of its markets worldwide, thus proving the resilience and strength of our business model in an ever complex and uncertain world. It is also testament to our core purpose of providing expert solutions to protect, preserve and pass on our clients’ wealth to the next generation.”
Florent Albert, Group Chief Financial Officer, continued:
“AM Best ratings are further evidence of the confidence in Lombard International Group's vision and ability to achieve sustainable, profitable growth across all the geographies we operate in.”
About AM Best
AM Best is a global credit rating agency, news publisher and data provider specializing in the insurance industry. The company does business in more than 100 countries. Headquartered in Oldwick, NJ, AM Best has offices in cities around the world, including London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com
Olgert Gorani | email@example.com | tel. +352 34 61 91 1