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With premium income of EUR3.08bn and funds under management reaching EUR16.25bn, representing a 26% increase on 2008, Lombard International Assurance S.A. has declared 2009 a record year. Given the challenging circumstances of the last year, Lombard is understandably delighted with these results. David Steinegger, CEO of Lombard, tells AGEFI why 2009 was “a year of two halves” and explains why he is confident that the Luxembourg life assurance industry has a positive future ahead.
How was 2009 for Lombard?
2009 was a year of two halves for Lombard. The first started slowly as there was a marked hesitation on the part of investors in the aftermath of the banking crisis. The second half, however, saw a return to confidence and we experienced a strong surge in...
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