US EditionUtmost’s assets double after acquisition of Luxembourg’s Lombard
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Utmost’s assets double after acquisition of Luxembourg’s Lombard
British insurer Utmost Group's assets under administration (AUA) have doubled to £103.5 billion (€121.1 billion) following its acquisition of Luxembourg-based Lombard International Assurance. The deal added approximately £45 billion (€52.7 billion) in assets, pushing Utmost's wealth management business beyond the £100 billion (€117 billion) mark for the first time. The acquisition also helped increase Utmost's net solvency economic value by 42% …
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