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GCR Ratings has upgraded Lombard Insurance Company Limited’s national scale financial strength rating to AA-(ZA) and its long-term issuer rating to A+(ZA), with a stable outlook.
Lombard Insurance Company Limited (Lombard) announced earlier this month that it has reached an agreement with Hollard Insurance Group for the sale of its Lombard Broker Partners (LBP) division, offering standard commercial property and motor insurance, subject to regulatory approvals.
Praesidio has been writing business on the Lombard licence since 2014 and will be formally brought into the Lombard fold as a specialist division of Lombard Broker Partners on 1 August 2021.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?