NEWS
MONUMENT RE COMPLETES PORTFOLIO TRANSFER AND SUBSEQUENT DELICENCING OF OMEGA LIFE
Hamilton, Bermuda 11th February 2021.
Monument Re announced today that it completed the portfolio transfer of the Omega Life book into the Italian Branch of Monument Assurance Luxembourg S.A at the end of December 2020. In accordance with the approval of the Irish High Court, the portfolio transferred to Monument Assurance Luxembourg with unchanged terms and conditions for policyholders.
The Board of Omega Life subsequently received authorisation from the Central Bank of Ireland to withdraw the life insurance licence of Omega Life which was completed on 9th of February 2021.
For further information:
To learn more, please visit our website at www.monumentregroup.com or contact info@monumentregroup.com, +1(441) 400-9300.
Monument Re Limited is a life Reinsurance and Insurance Holding Company that 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.
Monument Assurance Luxembourg S.A. (‘MAL’) is a fully licensed Luxembourg Insurance company regulated by the Commissariat aux Assurances. Its strategy is to acquire, by portfolio transfer or outright purchase, legacy guaranteed and / or linked portfolios in Luxembourg, Italy and Spain.
The Monument Group of companies has established a presence in Bermuda, Ireland, Belgium, Luxembourg, the Netherlands and Guernsey, with branches in Spain, Italy, and Germany.
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
Monument Re Limited © 2024 All rights reserved | Terms of Use | Privacy Policy | Cookies Policy | Company Registrations | Tax Strategy