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Press release: Lombard International Assurance S.A supports the project Caddy2. of the Stëmm vun der Strooss

Press release: Lombard International Assurance S.A supports the project Caddy2. of the Stëmm vun der Strooss

Lombard International Assurance, a leading European provider of cross-border insurance-based wealth, estate and succession planning solutions for high net worth individuals, families and institutions, recently provided financial support to the Stëmm vun der Strooss. With this donation, the Luxembourg-based company is helping to complete the construction of the association’s new project in Sanem.

The Stëmm vun der Strooss, represented by its communication officer, Bob Ritz, was able to discuss this project with Florent Albert, Managing Director Europe & Group CFO of Lombard International Group, during an informal meeting at the company’s premises on Friday 28 January 2022, to mark the handover of the donation.

Bob Ritz took the opportunity to present in more detail the functioning of the Caddy 2. project in Sanem: For reasons of organisation, efficiency and cost reduction, the Schweesdrëps and Caddy workshops as well as the Immo Stëmm service are centralised at this location. Today, 30 people benefiting from a professional reintegration measure at Schweesdrëps wash, sort and distribute 4,700 suits from 43 sports clubs. The Caddy workshop employs 22 people who process and redistribute 125 tonnes of food from the Auchan hypermarket every year.

The new project will improve food recycling (from 125 to 500 tonnes of food recycled annually), reintegrate 50 people into the labour market and distribute more meals to disadvantaged people in the restaurants of the Stëmm and to third party organisations. The project is sustainable, innovative and local as it fights food waste and poverty while promoting solidarity and bringing employment.

The funding phase is still ongoing and the Stëmm vun der Strooss is calling on all donors who might be interested in this project, which is social, ecological and economic at the same time. A list of the materials the Stëmm needs can be found on the association’s website. http://don.stemm.lu:4200 

 

About Lombard International Assurance S.A.

 

Lombard International Assurance S.A., headquartered in Luxembourg, provides insurance-based wealth and succession planning solutions to clients based across Europe, Asia, Latin America and South Africa. The company is part of Lombard International Group.

Lombard International Group (‘the Group’) is a leading provider of global wealth and succession planning solutions with 30 years’ experience. We have the strength and expertise to help high net worth and ultra-high net worth individuals, their families and institutions protect, preserve and pass on their legacy to future generations.

The Group serves over 25 markets across Asia, Europe, Latin America and the United States, providing multi-jurisdictional private-placement / unit-linked life insurance and annuities on a global basis, with a deep understanding of local regulations, cultures and requirements.

Group assets under administration are at €54.7 billion as of 30 June 2021. The Group’s global team of over 500 include more than 60 technical experts and over 100 client services professionals delivering an excellent level of service, specializing in multiple jurisdictions.

Funds managed by Blackstone own Lombard International Group. Blackstone is one of the world’s leading investment firms with $684 billion in assets under management as of 30 June 2021.

For further information about Lombard International Group visit: www.lombardinternational.com.

Media Enquiries:

Olgert Gorani | communications@lombardinternational.com |+352 34 61 91 1

Thibaut Charpentier | communications@lombardinternational.com |+352 34 61 91 1

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