Monument Assurance Belgium (MAB), a member of the Monument Re Group, has completed the previously announced acquisition of Integrale’s entire insurance portfolio and personnel.
The acquisition means that all relevant assets and liabilities of Integrale’s balance.
With its in-depth expertise of the insurance market, Monument Re will continue expanding the activities of the Group, especially in Belgium.
MAB is headed in Belgium by Koen Depaemelaere, CEO.
Koen Depaemelaere, CEO of MAB said: “We are delighted that we have been able to meet all the conditions to bring this acquisition to a successful conclusion.
“With this portfolio transfer, we created a solution with the necessary guarantees for policyholders and protections and continuity of staff.
“This transaction is fully in line with our growth strategy in Belgium and strengthens our position as a leading life insurance consolidator.”
Manfred Maske, CEO of Monument Re Group added: “This transfer fits perfectly into the broader consolidation strategy of Monument Re so we are very pleased to welcome our new colleagues into the broader Monument Re Group.”
