MONUMENT-RE
Monument Re announced today that its Belgian subsidiary Monument Assurance Belgium (“MAB”) has completed the acquisition of a run-off life insurance portfolio with BEGAAP provisions of EUR2.6bn from AXA Belgium, following receipt of regulatory approval from the National Bank of Belgium.
Monument Assurance Belgium is a Belgian life assurance company regulated by the National Bank of Belgium. MAB is a member of the Monument Re Group and has established itself as the leading consolidator of life insurance and pension portfolios in Belgium.
Monument Re Limited is a life insurance reinsurer and insurance holding company with a proven track record in acquiring capital-intensive European portfolios. Monument Re is present in Bermuda which, like Switzerland, is subject to requirements comparable to Solvency II in Europe. The Monument Re Group also operates through its subsidiaries in Belgium, Ireland, Isle of Man, Guernsey, and Luxembourg, with branches in Spain, Italy, and Germany. Each entity is subject to local regulation and Monument Re is subject to Group Supervision by the Bermuda Monetary Authority.
Monument Re is subject to Group Supervision by the Bermuda Monetary Authority.
For further information:
To learn more, please visit our website at www.monumentregroup.com.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221102005218/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
TX-VINCENT-LOUIS-MOGAS3.5.2024 19:31:27 CEST | Press release
MOGAS Mourns the Death of Their Beloved Chairman and Founder Vincent Louis Mogas
VERVERICA3.5.2024 18:09:35 CEST | Press release
Ververica Achieves ISO 27001 Certification, Bolstering Data Security
TX-LONE-STAR-FUNDS3.5.2024 15:08:32 CEST | Press release
Lone Star Announces Acquisition of ERIKS
VA-MARS,-INCORPORATED3.5.2024 15:01:32 CEST | Press release
Mars, Incorporated Enters Exclusive Discussions to Acquire the Entire Stake in French Veterinary Diagnostics Businesses Cerba Vet and ANTAGENE Held by the Cerba HealthCare Group
AL-ADTRAN3.5.2024 14:01:31 CEST | Press release
Adtran and GLDS integrate Mosaic CP with BroadHub® for enhanced broadband service billing and management
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom