Lombard International Assurance S.A. · Senningerberg Luxembourg

Company Description

2 Route de Trèves - Airport Center

Senningerberg

L-263-3

Luxembourg (Map)

Phone: +352-34-61-91-1

Fax: +352-34-61-90

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Don't look to Lombard unless you live the luxe life. Lombard International Assurance targets Europe's high-net-worth and ultra high-net-worth individuals with its international life insurance products, which are sold through private banks and financial advisors. The company's offerings include insurance policies and wealth preservation and investment advisory services, including tax and inheritance planning services. Its partnerships with financial advisors allow for the coordination of asset management services. The company has expanded from its traditional European operating base to include operations in Latin America and the Asia/Pacific region. The company is a subsidiary of UK insurer Friends Provident. To read the full description, subscribe now.

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Key Lombard International Assurance S.A. Financials

Company Type	Subsidiary Headquarters
Fiscal Year-End	December
Employees	170

Lombard International Assurance S.A. Executives

3 executives listed for Lombard International Assurance S.A.'s Senningerberg, location.

Title	Name & Bio	Contact
	John Stone	Network
CEO	David Steinegger	Network
	Wendy Evans	Network

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Competition

Competitive Landscape for Lombard International Assurance S.A.

Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.

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Lombard International Assurance S.A. · Senningerberg Luxembourg

Company Description

Key Lombard International Assurance S.A. Financials

Lombard International Assurance S.A. Executives

Competition

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