Reinsurance News
Monument Re
Monument Re completes purchase of Irish insurer Inora Life DAC
24th September 2019
Monument Re has through its European subsidiary Laguna Life d.a.c completed its acquisition of Inora Life DAC, a life insurer domiciled in Ireland, from its owner Societe Generale. Inora Life ceased all new activity in 2012 but still manages a portfolio of unit-linked insurance products. “The acquisition of Inora aligns with our ... Read the full article
Monument Re acquires Guernsey insurer Nordben Life and Pension
27th June 2019
Bermudian reinsurer Monument Re has announced the completion of its acquisition of Nordben Life and Pension Insurance Co. Limited. Nordben is a Guernsey-based company licensed to carry out long-term and general insurance business, which has been closed to all new business since early 2016. Monument Re took over the business from its ... 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
Monument Re acquires €140mn annuities portfolio from Rothesay Life
1st April 2019
Bermudian reinsurer Monument Re has entered into an agreement to acquire a €140 million portfolio of Irish annuities from Rothesay Life Plc. Rothesay Life explained that it was looking to offload the portfolio ahead of Brexit to ensure it meets all legal requirements, whatever the outcome of the ongoing negotiations. The acquisition ... Read the full article
Monument Re acquires Irish insurer Inora Life from Societe Generale
28th March 2019
Monument Re has announced that it plans to acquire Inora Life DAC, a life insurer domiciled in Ireland, from its owner Societe Generale. Inora Life has ceased all new activity since 2012, but still manages a portfolio of unit-linked insurance products. The transaction, which remains subject to regulatory approval, will have no ... Read the full article
Monument Re completes acquisition of Robein Leven
25th March 2019
Bermuda-based reinsurer Monument Re has announced the completion of its acquisition of Robein Leven N.V. from Amerborgh Financial Services B.V. Monument Re acquired the Dutch insurer and its subsidiaries following receipt of regulatory approval by the De Nederlandsche Bank (DNB). First announced in July 2018, Monument Re previously stated that the ... Read the full article
Monument Re acquires run-off life portfolio from Enstar’s Alpha Insurance
8th November 2018
Bermudian reinsurer Monument Re has announced the acquisition of a run-off portfolio of traditional life and credit life business from Belgian composite insurer Alpha Insurance S.A., a wholly owned subsidiary of Enstar Group Limited. Monument Re said that the portfolio would be transferred to its Belgian carrier, Monument Assurance Belgium NV, ... Read the full article
Monument Re completes acquisition of Aspecta Assurance Luxembourg
5th October 2018
Monument Re, a Bermuda Class E reinsurer that specialises in the acquisition of run-off, closed and asset-intensive insurers, has completed its previously announced acquisition of Aspecta Assurance International Luxembourg S.A. Aspecta, which has now been renamed as Monument Assurance Luxembourg, is a life insurance undertaking based in Luxembourg with branches in ... Read the full article
Monument Re completes acquisition of Ethias S.A run-off portfolio
3rd October 2018
Monument Re has announced the completion of its acquisition of a run-off portfolio of flexible premium retail life insurance contracts from Belgian insurer Ethias S.A, known as the FIRST A Portfolio. The deal was first announced in April 2018 and saw Monument Re take over the portfolio via its wholly ... Read the full article
Monument Re acquires Dutch closed life insurer, Robein Leven
9th July 2018
Reinsurer Monument Re has announced the acquisition of Robein Leven N.V. and its subsidiaries from Amerborgh Financial Services B.V. The Bermuda domiciled reinsurance company's acquisition of the Netherlands-based closed life insurer, Robein Leven, will follow satisfaction of customary closing conditions, which includes the receipt of regulatory approvals. Chief Executive Officer (CEO) of Monument ... Read the full article
Monument Re acquires €500m run-off portfolio from Metlife Europe DAC
21st June 2018
Bermudian reinsurer Monument Re has announced the acquisition of a run-off portfolio consisting of linked and traditional life insurance business from Ireland-domiciled Metlife Europe DAC. Monument Re is to act as a reinsurance vehicle for the deal initially, with the risk portfolio ultimately set to be transferred to its subsidiary Laguna ... Read the full article
Monument Re acquires run-off portfolio from Ethias S.A.
17th April 2018
Monument Re has announced an agreement that will see it acquire a run-off portfolio of flexible premium retail life insurance contracts from Belgian insurer Ethias S.A., known as the First A Portfolio. The portfolio will be taken over by Laguna Life DAC, an Irish domiciled re/insurer and wholly owned subsidiary of ... Read the full article
Monument Re completes acquisition of ABN AMRO life run off vehicle
28th March 2018
Monument Re, a Bermuda Class E reinsurer that specialises in acquisitions of run-off, closed and asset-intensive insurers, has completed the acquisition of ABN AMRO Life Capital Belgium (AALCB) following receipt of regulatory approval by the National Bank of Belgium. AALCB has now been renamed Monument Assurance Belgium N.V. Manfred Maske, Group Chief ... Read the full article
Monument Re acquires Aspecta Assurance International Luxembourg
30th January 2018
Monument Re has acquired full ownership of Aspecta Assurance International Luxembourg S.A. (Aspecta), a life insurance undertaking based in Luxembourg with branches in Germany, Italy and Spain. The acquisition also includes Aspecta’s 25% stake in Quality Insurance Services Luxembourg S.à r.l., the principal service provider to Aspecta. Manfred Maske, Group Chief Executive Officer ... Read the full article
Monument Re in acquisition of Belgian life run-off vehicle of ABN AMRO
19th September 2017
Monument Re Limited, a Bermuda Class E reinsurer that specialises in acquisitions of run-off, closed and asset-intensive insurers, has acquired a Belgian life insurance focused run-off vehicle featuring the ABN AMRO portfolio of business. Monument Re has acquired Benelux Life Run-Off SCS, which includes the run-off vehicles acquisition of ABN AMRO ... Read the full article
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