NEWS

MONUMENT RE ACQUIRES AME LIFE LUX S.A. FROM COVÉA

Hamilton, Bermuda, 21 February 2022.

Monument Re announced today that, its Luxembourg subsidiary Monument Assurance Luxembourg S.A. has completed the acquisition of AME Life Lux S.A. (“AMELL”) from French Mutual Insurance Group, Covéa, following receipt of regulatory approval from the Commissariat aux Assurances.  Financial terms of the transaction were not disclosed.

AMELL is a well-established Luxembourg-based life insurance company with a market presence in Luxembourg and Belgium.  The transaction will have no impact on AMELL’s policyholders.

Monument Re Limited is a life Reinsurance and Insurance Holding Company with a presence in Bermuda, Ireland, Belgium, Luxembourg, the Netherlands, the Isle of Man and Guernsey, with branches in Spain, Italy and Germany. Monument Re operates as a reinsurer and acquirer of European asset-intensive portfolios.  Through this strategy, Monument Re assumes asset-based risks within its risk appetite and efficiently operates these businesses or portfolios.

Monument Re is subject to Group Supervision by the Bermuda Monetary Authority.

Monument Assurance Luxembourg S.A. is a fully licensed Luxembourg life insurance company regulated by the Commissariat aux Assurances, with branches in Spain, Italy, and Germany.  Its strategy is to acquire, by portfolio transfer or outright purchase, legacy guaranteed and linked portfolios in Luxembourg, Italy and Spain.

For further information:

To learn more, please visit our website at www.monumentregroup.com or contact Fiona Davies at info@monumentregroup.com, +1(441) 400-9300.

Latest News

News Archives

CONTACTS

Monument Re

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

+1 441 400 9300

Monument Life Insurance DAC

Two Park Place,
Upper Hatch Street,
Dublin 2
Ireland

Monument Assurance Belgium S.A.

Boulevard du Roi Albert II 19 - 1210 Brussels – Belgium

+32 (0) 78 050 006 | +32 (0) 4 232 44 11  

Monument Assurance Luxembourg S.A.

5, rue Eugène Ruppert
L-2453 Luxembourg

+352-264 98 1

Monument International Life Assurance Company Limited

St George’s Court
Upper Church Street
Douglas
Isle of Man IM1 1EE

+44 1624 683 683

Nordben Life and Pension Insurance Co. Limited

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

​AME Life Lux S.A.

Atrium Business Park, 41 Rue du Puits Romain
L-8070 Bertrange
Luxembourg
+352 47 46 93

 

Monument Re Limited © 2021 All rights reserved  | Terms of UsePrivacy Policy Cookies PolicyCompany Registrations