Reinsurance News
Monument Re
Monument Re completes €1.4bn portfolio transfer with RGA
9th May 2025
Monument Re Limited, a life insurance reinsurer and insurance holding company, has completed the transfer of a legacy €1.4 billion reinsurance portfolio, comprising annuity and other life insurance liabilities from its 2020 Greycastle acquisition, to RGA Americas Reinsurance Company, Ltd.. Completed on May 2, the transaction releases capital resources that ... Read the full article
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 closes previously announced portfolio acquisition from Integrale Lux S.A.
2nd February 2024
Life insurance and reinsurance holding company, Monument Re, has completed its previously announced agreement to acquire the closed portfolio long-term life insurance business from Integrale Lux S.A. through its Luxembourg subsidiary, Monument Assurance Luxembourg S.A. (MAL). Integrale’s portfolio serves mainly the Luxembourgish, Dutch and French markets, and is strategically aligned ... Read the full article
Monument Re appoints Elsinghorst as CEO as Maske steps down
5th October 2023
Life reinsurer Monument Re Limited has announced that Manfred Maske has stepped down from his role as Group Chief Executive Officer (CEO), effective September 19th, 2023, and has been replaced by Carlo Elsinghorst. Elsinghorst joined the company in 2020 as CEO of Ireland making his way to being appointed as the ... Read the full article
Monument Re “exploring strategic options” including potential sale
17th August 2023
Life reinsurance and insurance holding company Monument Re is reportedly "exploring strategic options" which include a potential sale, after seeing a drop in its capital ratios last year, according to a new report by Reuters. Citigroup and Fenchurch Advisory are working with the company and its owners on the options, people ... Read the full article
Monument Re acquires portfolio from Federale Verzekering
3rd August 2023
Monument Re, a life insurance reinsurer and insurance holding company, has announced that it's Belgian subsidiary, Monument Assurance Belgium (MAB) has completed the acquisition of a run-off block of retail life policies, annuities and associated assets from Federale Verzekering (Federale). “We are pleased to have completed this transaction with Federale as ... Read the full article
Monument Re reaches agreement to acquire portfolio From Integrale Lux S.A.
16th May 2023
Life insurance and reinsurance holding company Monument Re has announced that its Luxembourg subsidiary Monument Assurance Luxembourg S.A. (MAL), has reached an agreement with Integrale Luxembourg to acquire its closed book portfolio of long term life insurance business. Intergrale Luxembourg's portfolio serves mainly the Luxembourgish, Dutch and French markets, and is strategically ... Read the full article
Monument Re completes acquisition of portfolio from Zurich International Life
4th November 2022
Monument Re’s Isle of Man subsidiary, Monument International Life Assurance Company Limited (MILAC) has completed its acquisition of the closed book portfolio of Zurich International Life Limited’s (ZILL) Singapore long term life insurance business. The ZILL Singapore branch portfolio and employees have transferred into the Singapore branch of MILAC following receipt ... Read the full article
Monument Re completes acquisition of portfolio from AXA Belgium
2nd November 2022
Life insurance and reinsurance holding company, Monument Re, through its Belgian subsidiary Monument Assurance Belgium (MAB) has completed the acquisition of a run-off life insurance portfolio with BEGAAP provisions of €2.6 billion from AXA Belgium. The acquisition was completed following regulatory approval from the National Bank of Belgium. Talks of the ... Read the full article
Monument Re announces merger of AME Life Luxembourg
3rd October 2022
Monument Re has announced that AME Life Lux S.A. will merge into its subsidiary, Monument Assurance Luxembourg S.A. following receipt of regulatory approval from the Commissariat aux Assurances. Following this merger, Monument Assurance Luxembourg S.A. will be the sole Monument Luxembourg entity. The acquisition of AME Life Lux S.A. was completed ... Read the full article
Monument Re agrees novation of retrocession agreement from Enhanzed Re
20th September 2022
Life reinsurance and insurance holding company, Monument Re, has agreed the novation of a retrocession agreement from Enhanzed Re, a subsidiary of Enstar Group Limited, to Monument Re. The retrocession agreement was originally written in 2020, and covers a block of annuity policies. According to the announcement, there are no changes to ... Read the full article
Monument Re acquires closed book portfolio from Zurich International Life
1st June 2022
Monument Re, the life reinsurance and insurance holding company, has agreed to acquire the closed book portfolio of Zurich International Life Limited’s Singapore long term life insurance business. Under the agreement with Zurich International Life Limited, the Singapore branch portfolio and employees will transfer into the new Singapore branch of Monument ... Read the full article
Monument Re splits Group CUO & CFO roles
3rd May 2022
Life reinsurance and insurance holding company, Monument Re, has named Alex Brogden as Group Chief Underwriting Officer (CUO) and Carlo Elsinghorst as Group Chief Financial Officer (CFO). Previously, Brogden served as joint Group CUO & CFO, but Monument Re has now decided to split these positions. The company says the move will ... Read the full article
Monument Re goes into reinsurance agreement with Countrywide Assured
19th April 2022
Monument Re has gone into a reinsurance agreement with Countrywide. According to Countrywide, the firm entered into a new reinsurance agreement with Monument Re in Q4 2021, under which the latter would provide 100% reinsurance cover for the majority of annuity policies within the premium life and City of Westminster books ... Read the full article
Monument Re completes Luxembourg life takeover from Covéa
21st February 2022
Monument Re has announced that its Luxembourg subsidiary, Monument Assurance Luxembourg S.A., has completed the acquisition of AME Life Lux S.A. (AMELL) from Covéa. First announced in May 2021, the transaction received regulatory approval from the Commissariat aux Assurances. AMELL is a Luxembourg-based life insurance company that also maintains a market ... Read the full article
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