Lombard Australia Holdings completed the acquisition of Assetinsure Holdings from CBL Insurance.

Lombard Australia Holdings, an investment holding company, completed the acquisition of Assetinsure Holdings, an insurance company, from CBL Insurance, an insurance and reinsurance provider. Financial terms were not disclosed. “Assetinsure and Lombard have successfully operated an unincorporated joint venture in the Australian surety market for more than 10 years. Lombard has also provided significant reinsurance capacity in support of this joint venture throughout the period of its existence,” Gregor Pfitzer, Assetinsure CEO.