Hamilton, Bermuda, 2 November 2022.
Monument Re announced today that its Belgian subsidiary Monument Assurance Belgium (“MAB”) has completed the acquisition of a run-off life insurance portfolio with BEGAAP provisions of EUR2.6bn from AXA Belgium, following receipt of regulatory approval from the National Bank of Belgium.
Monument Assurance Belgium is a Belgian life assurance company regulated by the National Bank of Belgium. MAB is a member of the Monument Re Group and has established itself as the leading consolidator of life insurance and pension portfolios in Belgium.
Monument Re Limited is a life insurance reinsurer and insurance holding company with a proven track record in acquiring capital-intensive European portfolios. Monument Re is present in Bermuda which, like Switzerland, is subject to requirements comparable to Solvency II in Europe. The Monument Re Group also operates through its subsidiaries in Belgium, Ireland, Isle of Man, Guernsey, and Luxembourg, with branches in Spain, Italy, and Germany. Each entity is subject to local regulation and Monument Re is subject to Group Supervision by the Bermuda Monetary Authority.
Monument Re is subject to Group Supervision by the Bermuda Monetary Authority.
For further information:
4 Par-la-Ville Road
+1 441 400 9300
Monument Life Insurance DAC
Two Park Place,
Upper Hatch Street,
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.
Atrium Business Park
29, rue du Puits Romain
L- 8070 Bertrange
+352-264 98 1
Monument International Life Assurance Company Limited
St George’s Court
Upper Church Street
Isle of Man IM1 1EE
+44 1624 683 683
Nordben Life and Pension Insurance Co. Limited
OLD bank chambers
La grande rue