New Insurope Network Member in Luxembourg: LA LUXEMBOURGEOISE-VIE Société Anonyme d’Assurances

Thu, 22/10/2020

 

New Insurope network member in Luxembourg: LA LUXEMBOURGEOISE-VIE Société Anonyme d’Assurances

We are pleased to announce that LA LUXEMBOURGEOISE-VIE Société Anonyme d’Assurances has joined the Insurope Network as our new Network Member in Luxembourg. This partnership continues to strengthen Insurope’s capabilities in meeting the needs of multinational clients on the European continent.

The Group La Luxembourgeoise was founded in 1920 and has evolved since to become one of the most important players in the national financial sector. The three companies of the group, covering life insurance, non-life insurance, and health insurance, are leaders in the Luxembourg insurance market. One of its most recent undertakings is the acquisition of the employee benefits activities of Cardif Lux Vie which was already part of the Insurope Network. 

The group has around 450 staff members and had a premium income of 477,80 million € in 2019. They cover 1/3 of the local market of insured occupational pension schemes (more than 2000) and they are a very financially stable company as the cover of the solvency margin of the company in 2019 was 250,20%, thereby largely exceeding the legal minimum.

They dispose of a dedicated local team of approximately 30 professionals (whereof 12 actuaries), all multilingual, and in most cases with a seniority of more than 10 years. This allows an efficient provision of service by a team in direct contact with the supervisory authorities.

Insurope is looking forward to the cooperation with LA LUXEMBOURGEOISE-VIE Société Anonyme d’Assurances.

 

For more information, please visit the website by clicking HERE.

 

For further information please contact:

LA LUXEMBOURGEOISE-VIE Société Anonyme d’Assurances

Mr. Jérôme Wiwinius

Tel: +352 4761 6342

E-mail: jerome.wiwinius@lalux.lu