Reinsurance News
Monument Re
Monument Re completes Athora Ireland acquisition
7th January 2022
Life re/insurance holding company Monument Re’s Irish subsidiary, Monument Life Insurance, has completed the acquisition of a closed-block portfolio of variable annuities from Athora Ireland, a wholly-owned subsidiary of Athora Holding. The acquisition was first announced in March last year, with the portfolio has been in run-off since 2017. Financial ... 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 completes Integrale acquisition
20th December 2021
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 ... Read the full article
Chesnara to acquire Robein Leven from Monument Re
25th November 2021
Chesnara, a life and pensions consolidator in the UK and Europe, has entered into an agreement to acquire Robein Leven, a specialist provider of traditional and linked savings products, mortgages and annuities in the Netherlands. The business will be acquired from its current owner, Monument Re, who previously purchased Robein ... Read the full article
Monument Re acquires variable annuity portfolio from Athora Ireland
3rd March 2021
Life re/insurance holding company Monument Re has agreed to acquire the closed-block portfolio of variable annuities from Athora Ireland. Athora is a wholly-owned subsidiary of Athora Holding Ltd and financial terms of the transaction were not disclosed. “We are pleased to have reached agreement with Athora to acquire this block of business ... Read the full article
Monument Re completes Isle of Man takeover from Charles Taylor
17th February 2021
Life reinsurance and insurance holding company, Monument Re, has completed the acquisition of the Charles Taylor Group’s Isle of Man life and investment operations. First announced back in August 2020, the purchase mostly consists of Charles Taylor’s life insurance entity, LCL International Life Assurance Company Limited, and Charles Taylor Holdings ... Read the full article
Monument Re finalises portfolio transfer from Omega Life
12th February 2021
Life reinsurance and insurance holding company Monument Re has completed a portfolio transfer from Omega Life. The Omega Life book was transferred into the Italian Branch of Monument Assurance Luxembourg S.A at the end of December 2020, Monument Re explained. Omega Life is an Ireland-domiciled life assurance company that has been closed ... Read the full article
Monument Re closes portfolio acquisition from Zurich Life
1st December 2020
Life reinsurance and insurance holding company, Monument Re, has completed its acquisition of a portfolio from Zurich Life Assurance plc. Monument Life Insurance d.a.c, an Ireland-based life insurance subsidiary of Monument Re, completed the acquisition on November 30, 2020. The portfolio in question consisted of unit-linked International Portfolio Bond policies from Zurich ... Read the full article
Monument Re acquires Charles Taylor’s Isle of Man operations
25th August 2020
Life reinsurance and insurance holding company, Monument Re, has reached an agreement to acquire Charles Taylor Group's Isle of Man businesses. The purchase mostly consists of Charles Taylor's life insurance entity, LCL International Life Assurance Company Limited, and Charles Taylor Holdings Limited. Financial terms of the deal were not disclosed and the ... Read the full article
Allianz Benelux, Monument Re agree book portfolio transaction
18th August 2020
The Belgium arm of global insurer Allianz, and Monument Re, have agreed to transfer a closed book of classical life retail insurances together with 4.500 mortgage loans to Monument Assurance Belgium (MAB). The transaction, which will transfer the related operations within 18 months after regulatory approvals, includes a portfolio of 95.000 ... Read the full article
Monument Re completes takeover of Cattolica Life
5th June 2020
Bermudian reinsurer Monument Re has completed its previously announced acquisition of Cattolica Life DAC from Cattolica Assicurazioni. Cattolica Life is a life insurer domiciled in Ireland which ceased new activity since 2017. The transaction, first announced back in December 2019, was completed following receipt of regulatory approval from the Central Bank ... Read the full article
Monument Re completes GreyCastle acquisition
28th May 2020
Life reinsurance and insurance holding company, Monument Re, has completed its previously announced acquisition of GreyCastle Holdings Ltd and its subsidiaries. The deal was announced towards the end of March, 2020 and sees Monument Re acquire a Bermuda-based manager of annuity and life risks. GreyCastle was established in 2014 by a ... Read the full article
Monument Re to acquire Bermuda-based GreyCastle Holdings
27th March 2020
Monument Re, the life reinsurance and insurance holding company, has announced the acquisition of Bermuda-based annuity and life risks focused GreyCastle Holdings Ltd and its subsidiaries. The subsidiaries include GreyCastle Life Reinsurance (SAC) Ltd and GreyCastle Services, and Monument Re has reached an agreement to acquire the firm from the shareholders ... 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 buys Irish life insurer from Cattolica Assicurazioni
11th December 2019
Bermudian reinsurer Monument Re has announced the acquisition of Cattolica Life DAC from Cattolica Assicurazioni. Cattolica Life is a life insurer domiciled in Ireland which ceased new activity since 2017. Monument Re noted that the transaction will have no impact on clients and policyholders. The company further stipulated that change of control of ... Read the full article
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