NEWS

Monument Re completes acquisition of portfolio from Alpha Insurance SA.

Monument Re announced today that its European subsidiary Monument Assurance Belgium NV completed the acquisition of a run-off portfolio of traditional life and credit life business from Alpha Insurance SA, a Belgian composite insurance company. Alpha Insurance SA is a wholly- owned subsidiary of Enstar Group Limited. The terms of the transaction were not disclosed.

In accordance with the approval of the National Bank of Belgium (“NBB”), the portfolio transfer into Monument Assurance Belgium is made effective 31 May 2019, with the policy terms and conditions unchanged.

About Alpha Insurance S.A.

Alpha Insurance SA, formerly “Nationale Suisse Belgium”, is a Belgian composite insurance company authorised by the National Bank of Belgium. Alpha Insurance SA is a wholly-owned subsidiary of Enstar Group Limited (Nasdaq: ESGR).

About Monument Re and Monument Assurance Belgium

Monument Re Limited (“Monument Re”) is a Class E reinsurer and Holding Company subject to Group Supervision by the Bermuda Monetary Authority. Monument Re is a Bermuda based reinsurer established to operate as an asset intensive reinsurer and acquirer principally in Europe.

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

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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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