NEWS
MONUMENT RE COMPLETES ACQUISITION OF GREYCASTLE HOLDINGS LTD AND ITS SUBSIDIARIES
Hamilton, Bermuda 27th May 2020
Monument Re announced today that it has completed the acquisition of GreyCastle Holdings Ltd. (‘GreyCastle’) and its subsidiaries, which include GreyCastle Life Reinsurance (SAC) Ltd. and GreyCastle Services Ltd., following receipt of regulatory approval from the Bermuda Monetary Authority.
About GreyCastle
GreyCastle was founded in 2014 by a group of institutional investors to reinsure a block of XL Life Reinsurance life and annuity liabilities of approximately USD4bn.
About Monument Re
Monument Re Limited is a life Reinsurance and Insurance Holding Company with a presence in Bermuda, Ireland, Belgium, Luxembourg, the Netherlands and Guernsey, with branches in Spain, Italy, France 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.
To learn more, please visit www.monumentregroup.com or contact Manfred Maske, CEO, info@monumentregroup.com.
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.
Atrium Business Park
29, rue du Puits Romain
L- 8070 Bertrange
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
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