AM Best

AM Best Places Credit Ratings of LIA Holdings Limited and Lombard International Assurance S.A. Under Review With Developing Implications


Stanislav Stoev, ACCA, CFA
Senior Financial Analyst
+44 20 7397 0306

Ghislain Le Cam, CFA, FRM
Senior Director, Analytics
+44 20 7397 0268
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318


LONDON - JULY 09, 2024 10:33 AM (EDT)
AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of Lombard International Assurance S.A. (LIA SA) (Luxembourg). Concurrently, AM Best has placed under review with developing implications the Long-Term ICR of “bbb-” (Good) of LIA Holdings Limited (Lombard International) (United Kingdom), a non-operating holding company.

These Credit Ratings (ratings) were placed under review with developing implications following the announcement on 4 July 2024 that Utmost Group plc has entered into an agreement to acquire Lombard International Assurance Holdings S.à.r.l., a subsidiary of Lombard International and LIA SA’s immediate parent company. The transaction is subject to regulatory and other approvals and is expected to close by the end of the year. The ratings are expected to remain under review until the transaction completes, and AM Best has assessed its impacts on the credit fundamentals of LIA SA and Lombard International.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. 

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