MONUMENT-RE
Monument Re announced today that its Isle of Man subsidiary Monument International Life Assurance Company Limited (“MILAC”) has completed the 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 of court and regulatory approvals in the Isle of Man and Singapore.
Monument International Life Assurance Company Limited is an Isle of Man insurance company regulated by the Isle of Man Financial Services Authority and wholly owned by Monument Re Limited. Through its branch in Singapore, MILAC is authorised to conduct life insurance and continue seeking growth through acquisition.
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 a fully Solvency II equivalent jurisdiction. The Monument Re Group 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.
Zurich International Life Limited provides life assurance, investment and protection products and is part of the Zurich Insurance Group. Zurich International Life Limited is fully authorised under the Isle of Man Insurance Act 2008 and is regulated by the Isle of Man Financial Services Authority.
Registered in the Isle of Man number 20126C.
Registered office: Zurich House, Isle of Man Business Park, Douglas, Isle of Man, IM2 2QZ, British Isles.
Telephone +44 1624 662266 Telefax +44 1624 662038 www.zurichinternational.com
For further information:
To learn more, please visit 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/20221104005066/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
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
NJ-SAMPLED3.5.2024 14:00:30 CEST | Press release
Sampled Named One of the First Olink® Certified Service Providers
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