Sixth Street, a global investment firm, has announced that investment vehicles it manages or advises have entered into a definitive agreement to acquire a majority stake in Monument Re, a life insurance and reinsurance holding company.
The transaction, expected to close by the end of 2026, is subject to regulatory approvals and other customary closing conditions.
Global reinsurer Hannover Re will remain a key shareholder and is committed to supporting Monument and Sixth Street’s strategy for the business.
Monument Re is a strategic partner to the European insurance market, focused on acquiring and managing in-force life insurance portfolios, while providing tailored risk transfer and reinsurance solutions across multiple jurisdictions.
As part of the transaction, Monument Re will receive fresh capital and resources to further accelerate its strategic initiatives and strengthen its market position.
Following completion of the deal, Monument Re will continue to operate as a standalone company and service its policyholders.
Rohan Singhal, Partner and Head of Insurance at Sixth Street, said, “We are excited to partner with Monument and Hannover Re as we expand our global insurance footprint.
“This investment reflects our deep conviction in the European market and our approach of partnering with strategics as a model for success. We look forward to fulfilling Monument’s potential as a leading consolidator in its core markets, while maintaining a focus on long-term security for policyholders.”
Brona Magee, Executive Board Member for Life & Health at Hannover Re, added, “We welcome Sixth Street’s investment in Monument and view it as an important step for the Company’s future growth and development. Hannover Re values the strong partnership with Monument and will continue to support the Company as a reinsurance partner and shareholder.”
Carlo Elsinghorst, Group Chief Executive Officer of Monument Re, commented, “Monument is excited about the support our shareholders are showing at this pivotal moment for our Company. The combined market presence and deep expertise of Sixth Street and Hannover Re put us in a fantastic position as we continue on our growth path.”
For Sixth Street, Morgan Stanley & Co. International plc acted as financial advisor, Oliver Wyman LLC as actuarial advisor, KPMG LLP as financial and tax advisor, and Cleary Gottlieb Steen & Hamilton LLP and Debevoise & Plimpton LLP as legal advisors.
Fenchurch Advisory Partners acted as financial advisor to Monument Re, while Hogan Lovells International LLP, Conyers Dill & Pearman (Bermuda), and Herbert Smith Freehills Kramer LLP acted as legal advisors.
