Lombard Insurance to sell Lombard Broker Partners division to Hollard Group

Lombard Insurance Company Limited 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. The sale is seen as optimal for all stakeholders, with Hollard's experience and scale providing significant benefit to the business, brokers, and policyholders.