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

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

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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

 

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