Reinsurance News
Monument Assurance Belgium
Monument Re acquires life insurance portfolio from Contassur
2nd July 2024
Monument Re has announced that its Belgian subsidiary, Monument Assurance Belgium, has successfully acquired a branch 21 closed book classical group life insurance portfolio from Contassur. Koen Depaemelaere, CEO of Monument Assurance Belgium and Carlo Elsinghorst, Group CEO of Monument Re Limited commented, “We are delighted to share that we have ... Read the full article
Monument Re & AXA Belgium agree transfer of a run-off life portfolio
22nd December 2021
Life insurance and reinsurance holding company, Monument Re, through its subsidiary Monument Assurance Belgium (MAB), and AXA Belgium have reached an agreement for the transfer of a run-off life insurance portfolio with BEGAAP provisions of €2.6 billion. MAB is Belgian life assurance firm regulated by the National Bank of Belgium. The carrier ... Read the full article
Monument Assurance Belgium to acquire Intégrale
7th May 2021
Monument Assurance Belgium (MAB), a member of the Monument Re Group, has entered into an agreement to acquire the entire portfolio and all the staff of Intégrale. This agreement follows a firm offer from MAB, which was considered by the provisional administrators appointed by the National Bank of Belgium (NBB) to ... Read the full article
Monument Re acquires closed life book from Belgium’s Curalia OVV
16th December 2019
Bermuda domiciled life reinsurance and insurance holding company, Monument Re, has announced the acquisition of a closed book of life business from Curalia OVV, a mutual insurance company based in Belgium. Under the terms of the transaction, the portfolio transfers into Monument Assurance Belgium NV, the reinsurer's Belgian carrier. Monument Assurance Belgium ... Read the full article
Monument Re completes Alpha Insurance run-off portfolio acquisition
29th May 2019
Bermuda-based reinsurer Monument Re has completed its previously announced acquisition of a run-off portfolio of traditional life and credit life business from Enstar Group Limited subsidiary, Alpha Insurance S.A. Monument Re's European subsidiary, Monument Assurance Belgium NV has now completed the acquisition of Alpha Insurance S.A., following the receipt of regulatory approval from the ... Read the full article
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