NEWS

Monument Re completes acquisition of portfolio from Curalia OVV

Hamilton, Bermuda 16th December 2019

Monument Re announced today that it has acquired a closed book of life business from Curalia OVV, a Belgian mutual insurance company. The portfolio transfers into Monument Assurance Belgium NV, the Belgian carrier of the Monument Re Group. The terms of the transaction were not disclosed.

Curalia’s transaction represents Monument Re’s twelfth acquisition in Europe. The policy terms and conditions of the contracts will remain unchanged.

About Curalia OVV

Curalia OVV is a Belgian mutual insurance company authorised by the National Bank of Belgium.

About Monument Re and Monument Assurance Belgium

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

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

Monument Assurance Belgium is part of the Monument Re Group and operates as a closed book consolidator of life portfolios in Belgium under the supervision of the National Bank of Belgium.

To learn more, please visit www.monumentregroup.com or contact Manfred Maske, CEO, info@monumentregroup.com, +1(441) 400-9300.

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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

Nordben Life and Pension Insurance Co. Limited

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

 

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