- Lombard International Assurance celebrates the first year anniversary
of the official opening of its Belgian branch.
- Nicolas Demarest has been appointed Belgian Branch manager to drive further growth.
- The Belgian market has seen steady growth in premiums since the launch of the Belgian Branch.
This month, Lombard International Assurance, a global leader in wealth structuring solutions for high-net-worth individuals, celebrates the first anniversary of the official opening of its Belgian branch.
The company has also announced today the permanent nomination of Nicolas Demarest to Branch Manager. Based in Brussels, Nicolas will be responsible for sales and business development across the Belgian market.
End of 2016, Lombard International Assurance introduced a new solution to the Belgian market: a Belgian life insurance contract linked to a dedicated investment fund, for which Lombard International Assurance, as the first foreign company in Belgium, was granted a tax ruling from the Belgian tax authorities.*
Nicolas Demarest said: “The wealth management industry and its legal framework in Belgium has changed considerably over the past few years. We have enhanced our solutions to match our clients’ needs and we’re proud to be the first provider to offer life insurance solutions linked to internal dedicated funds of this kind in Belgium.”
Luca Bertacchi added: “Our footprint in Belgium has grown significantly over the past 25 years. Lombard International Assurance has been successful in adapting to the changing environment, not only by leveraging our market knowledge and expertise, but also by launching a range of digital services. Connect, our new digital platform has now become an integral part of our offering in the Belgian market.”
* The ruling has been provided by the Service des Décisions Anticipées en matière fiscale (SDA) authority in Belgium. The SDA decides on any legal implementation of tax laws in Belgium.
About Lombard International Assurance
Lombard International Assurance is a leading life insurance-based wealth solutions provider, combining the strength and expertise of two specialist life insurance companies with over 25 years’ experience and market leadership in their respective fields. Lombard International Assurance provides wealth structuring solutions using unit-linked life insurance 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 and Latin America.
Global assets under administration are in excess of EUR 77.5 billion with a global staff number of over 600, including more than 60 technical experts specializing in 19 jurisdictions.
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