A dynamic future, a solid foundation
Lombard Insurance Company Limited, started in 1990 by the visionary George Lombard as a niche insurer operating specifically in guarantee markets, has developed into a multifaceted business that provides diversified insurance and related solutions to the business market.
Lombard values the entrepreneurial spirit – it’s how we started in 1990 and how we’ve grown our businesses. Finding unique offerings and solutions, reacting to situations at critical moments, changes in the market and new opportunities – even in and from the most unexpected places and businesses – is core to what makes us leaders in specialist insurance.
Your partner in progress
At Lombard, progress isn’t just a goal, it’s in our DNA. We’re dedicated to supporting your business, invested in your success as if our future depends on it – and it does.
Our commitment to service excellence has been time-tested since 1990, and will always be at the heart of what we do – from policy development to claims. Our hands-on philosophy means that you get to deal directly with decision-makers.
Through our speciality focus, understanding of market and sector dynamics, and our partner-centric approach, we are able to develop unique solutions to meet your business specific needs.
We deliver high quality underwriting operations by teaming up with independently minded, owner-operated businesses offering specialist underwriting and/or distribution skills
Lombard Guarantee Insurance Company Limited registers as a specialist insurance company with Munich Re, Swiss Re and Hollard Insurance Company as our major shareholders. *None of these entities remain a shareholder of the group.
We change our name to Lombard Insurance Company Limited.
On our 10th anniversary, we restructure into three divisions : Construction bonding Solvency guarantees Trade credit insurance
George Lombard retires as Managing Director, and is succeeded by Johnny Symmonds.
We form an equity partnership with specialist Underwriting Management Agency Consort Technical Underwriters.
We form an equity partnership with Leppard Underwriting. We add Trade Finance and Mining Rehabilitation Guarantees to our product line. We enter into a joint venture agreement with Assetinsure, an Australian insurer, to develop a guarantee business in Australia.
We sign a reinsurance agreement with Swiss Re International on the AssetInsure book of business.
In 2010, Lombard formed an association with Nordic Guarantee in Sweden. They also have offices in Finland and Norway and write business in Denmark.
We form equity partnerships with specialist Underwriting Management Agencies, Horizon Underwriting Managers and C3 Commercial Crime Concepts. We sign a co-operation agreement with China National Investment & Guaranty Company to provide better construction guarantee solutions to Chinese contractors working in Africa. We sign co-operation and reinsurance agreements with Nordic Guarantee, a Scandinavian based insurer, to expand their construction bonding business into Europe.
Red Sands Insurance Company limited purchases 9.9% of Nordic Guarantee.
We form an equity partnership with specialist Underwriting Management Agency, Praesidio Risk Managers.
Lombard forms an equity partnership with specialist Underwriting Management Agency, Motor Acceptances. We form an equity partnership with specialist Underwriting Management Agency, Lombard Commercial. Johnny Symmonds retires as Managing Director, and is succeeded by James Orford. Lombard Commercial become a specialist division of Lombard Insurance Company Limited with expertise in the Commercial and industrial markets.
We add Medical Gap cover to our offering by forming an equity partnership with Turnberry
Lombard enters into a Partnership with Advantage Motor Protector (AMP), a specialist in developing, distributing and administering motor mechanical breakdown warranties. A controlling stake in BrightRock Holdings is sold to Sanlam Limited. LomHold retain a minority interest.
Lomhold acquires a minority stake in the Australian insurer, Assetinsure, which specialises in surety bonds and credit enhancement products.
30 years down the line, Lombard enjoys outstanding financial credentials and a reputation for independence, reliability, and exceptional client service.
Our business success goes beyond just an insurance policy. We know the importance of engaging with and understanding our beneficiaries, clients, partners, and the environment in which we all operate.
This insight underpins how we do business and why we continue to build a specialist team with diverse skills and qualifications to better understand real business, to more smartly underwrite the real risks associated with each situation, and to keep you in touch with decision-makers.
Why? To better deliver insurance that helps your business succeed.