Monument Re acquires run-off portfolio from Enstar subsidiary
Bermuda-based Monument Re has acquired a run-off portfolio of traditional life and credit life business from Alpha Insurance, a Belgian composite insurance company and a wholly-owned subsidiary of Enstar Group.
Upon receipt of regulatory approvals, the portfolio will transfer to Monument Assurance Belgium, the Belgian carrier of the Monument Re Group.
Manfred Maske, CEO of Monument Re Group, said: “This acquisition marks our second transaction in Belgium and is an excellent bolt-on portfolio for Monument Assurance Belgium. As part of our insurance strategy, we view Belgium as a key life consolidation market for Monument Re and anticipate increasing levels of transaction activity, especially in medium sized portfolios requiring capital solutions.”
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news
Munich Re, Willis backed new telematics insurer to launch in 2019
Enstar makes loss in third quarter 2018
Michael fourth strongest hurricane to hit US mainland
Canopius appoints new property treaty underwriter from SCOR
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze