Brexit

Brexit: Our Approach and What It Means For Our UK Based Customers

As the negotiations continue in relation to the UK’s proposed withdrawal from the European Union (“Brexit”), Monument Assurance dac, Monument Insurance dac and Laguna Life dac (the “Monument Companies”) want to reassure our UK resident policyholders and beneficiaries that we will continue to offer you the same security and service that you have today following Brexit.

As a result of Brexit, there will be no change to the:

  • Terms of your policy
  • The manner in which we collect premiums or issue benefit payments
  • The contact details for our Customer Service Teams
  • Your rights, as a UK Customer, to refer complaints to the Financial Ombudsman Service for investigation.

You do not need to do anything to continue to enjoy the security and benefits of your current policy with the Monument Companies post-Brexit.

Our Approach:

If an agreement permitting insurance companies established and regulated in the remaining 27 EU member states to carry on insurance business in the UK post-Brexit is not reached between the EU and the UK prior to the UK’s proposed withdrawal from the EU on 29 March 2019, the Monument Companies shall opt-in to the UK’s Temporary Permissions Regime. This regime, as currently proposed by the UK, would allow the Monument Companies to continue to operate and service policies that were sold in the UK in a similar manner to today, for up to 3 years post-Brexit. During that 3 year period the Monument Companies would engage with all relevant regulatory authorities to agree a long term structure that would allow us to continue to service and support our UK resident policyholders and beneficiaries beyond the expiry of the Temporary Permissions Regime.

Should you have any queries regarding Monument’s Brexit approach, please contact us by email at info@monumentregroup.com or in writing at the below address:

Monument Insurance
Europa House, Block 9
Harcourt Centre
Harcourt Street
Dublin 2

CONTACTS

Monument Re

Victoria Place
31 Victoria Street
Hamilton HM 10
Bermuda

+441 400 9300

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

 

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