Lombard International Group today announces the completion of the sale of its US and Bermuda businesses to BroadRiver Asset Management and its affiliated entities.
Following the completion of sale, Lombard International Group’s US and Bermuda businesses* are no longer part of the retained Lombard International Group. The Transferred Companies may continue to use Lombard International brand names and trademarks specific to those regions for a transitional period.
Stuart Parkinson, Group Chief Executive Officer of Lombard International Group, commented: “
“This is an important step for Lombard International Group as we prioritise our focus and ongoing investment in our core businesses in Europe.
I would like to take this opportunity to wish BroadRiver Asset Management and the Lombard International US & Bermuda teams every success for the future.”
* The US and Bermuda businesses are comprised of the following companies:(1) Lombard International US Holdings, Inc. (Delaware), (2) Lombard International Life Assurance Company (Bermuda) Ltd. (Bermuda), (3) Lombard International Life Assurance Company (Pennsylvania), (4) Lombard International Life Assurance Company of New York (New York), (5) Lombard International Distribution Company (Delaware), (6) Lombard International Agency Inc. (Delaware), (7) (Lombard International Bermuda Holdings Ltd. (Bermuda), (8) Lombard International Life Ltd. (Bermuda), (9) Lombard International Global Insurance Ltd. (Bermuda), (10) Lombard International Brokers Inc. (Florida), (collectively, the ‘Transferred Companies’).