11 December 2019Insurance

Monument Re acquires Cattolica Life from Cattolica Assicurazioni

Life re/insurance holding company Monument Re has acquired Cattolica Life DAC from Italian insurance company Cattolica Assicurazioni, subject to regulatory approval.

Cattolica Life is a life insurer domiciled in Ireland which ceased new activity since 2017. The transaction will have no impact on Cattolica Life DAC clients and policyholders.

Change of control of the company will follow satisfaction of customary closing conditions, including receipt of regulatory approvals.

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