About

Monument Re is a Bermuda based Reinsurer and Consolidator with a proven track-record of successfully acquiring and operating portfolios or direct insurers in Europe, primarily those in run-off. We focus on annuity, guaranteed savings or protection product lines. At all times, we are mindful of the impact of acquisitions or transfers on staff and policyholders and seek to work with the seller in these situations.

Over the first three years since commencing in 2017, Monument has executed a number of transactions in Ireland, the Benelux region and the Crown Dependencies as part of the first phase of the roll-out of its strategy. Using Ireland as our starting point and base for a number of group services, we have completed a number of acquisitions of subsidiaries, portfolios and cross-border portfolio transfers with a range of counterparts from smaller entities through to multinational insurance and / or banking groups. The Benelux region represents a key area of focus for the group where we have completed a number of acquisitions again from a range of counterparties which collectively establish an excellent platform for further growth. We are actively developing growth opportunities in these areas but also in the Crown Dependencies where we have a footprint with our first acquisition in Guernsey. Our focus remains on achieving meaningful scale in these territories as part of our first phase of development while starting to initiate opportunities in our second phase.

These transactions have a common thread in that the portfolios are typically sub-scale with margins that are under pressure from the lower-for-longer Euro interest rate environment and heightened Solvency II capital requirements alongside overall burden of reporting under Solvency II for a smaller book. With each successful acquisition, we work hard to ensure a smooth transition by ensuring continuity of service, integration of staff into the Monument group and by aligning the new portfolios to the Monument structure, framework and policies over all functions and areas. The result is that we currently operate successfully in more than 10 jurisdictions with approximately 0.5 million policyholders in the group.

Monument Re is backed by high quality shareholders which include Hannover Re, the world’s third largest reinsurer, NYSE listed Enstar, a leading P&C run-off consolidator, and E-L Financial, the parent company of Canadian life insurer Empire Life. The Company has a seasoned Board of Directors, chaired by Jonathan Yates, former Chief Executive Officer of Guardian Financial Services, and a strong management team led by Manfred Maske.

CONTACTS

Monument Re

Crown House
4 Par-la-Ville Road
Hamilton HM08
Bermuda

+1 441 400 3900

Laguna Life DAC

Europa House
Block 9, Harcourt Centre
Harcourt Street
Dublin 2
Ireland

UK 0800 0969 127
Spain 902 12 72 72

Monument Assurance Belgium

Koloniënstraat | rue des Colonies 11
1000 Brussel | Bruxelles
Belgie | Belgique

+32 (0) 78 050 006

Monument Assurance Luxembourg S.A.

5, rue Eugène Ruppert
L-2453 Luxembourg

+352-264 98 1

Monument Insurance DAC
Monument Assurance DAC

Europa House
Block 9, Harcourt Centre
Harcourt Street
Dublin 2
Ireland

Inora Life DAC

Europa House
Block 9, Harcourt Centre
Harcourt Street
Dublin 2, Ireland

+353 15337596

Robein Leven NV

Noordeinde 35
2514 GC
The Hague
Netherlands

070 376 66 66

Nordben Life and Pension Insurance Co. Limited

OLD bank chambers
La grande rue
st martin
Guernsey
GY4 6rt

 

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