NEWS

h

Monument Re Acquires Irish Life Assurance Business

Hamilton, Bermuda
August 29, 2017

Monument Re Limited announced today it has acquired Laguna Life DAC, the Irish life assurance operations of Enstar Group Limited (“Enstar”).

Completion follows receipt of regulatory approval and satisfaction of closing conditions.

Laguna conducts Class I life assurance business, and was placed into run-off in November 2009.  It became part of Enstar, a leading global insurance group, in 2011.

Laguna has been transferred into Monument Re’s Irish subsidiary Monument Assurance DAC (“MADAC”).  This aligns with Monument’s dual strategy of acquiring and consolidating books of life assurance operations in the European market, and reinsuring asset-intensive business lines such as pension annuities-in-payment.

Manfred Maske, Group CEO of Monument Re commented:

“This acquisition is a continuation of a key part of our strategy to enable global insurers to operate more effectively in rapidly changing markets.  It further benefits customers and staff with increased scale through consolidation into our growing platform in Ireland.”

 

About Monument Re

Monument Re Limited (“Monument Re”) was established in 2016 and is licenced by the Bermuda Monetary Authority as a Class E reinsurer.  Monument Re acts as a reinsurer and acquirer of asset-intensive European insurers looking to improve their capital efficiency through a strategy of reinsurance and/or acquisition. To learn more, please visit www.monumentregroup.com, or contact Manfred Maske, CEO, 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

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 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