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The parent company of Lombard International Assurance has completed the acquisition of Philadelphia Financial’s life insurance companies with all regulatory approvals received. With life insurance companies based in Luxembourg, the United States, Bermuda and Guernsey, the combined organisation is the leading global provider of insurance-based solutions for the high and ultra-high net worth market.
Commenting on the close of the deal, John Hillman, CEO of Philadelphia Financial and Chairman of Lombard International Assurance, said: ‘We look forward to leveraging Philadelphia Financial's leadership position in the United States in the coming months to refine a robust global proposition. We will present our partners and their clients with an unequalled portfolio of...
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