Hamilton, Bermuda 25th November 2021
Monument Re announced today that, subject to regulatory approval, it has entered into an agreement to sell Robein Leven N.V. and its subsidiary Robein Effectendienstverlening (collectively “Robein”) to Chesnara plc through its existing Netherlands-based platform, the Waard Group. Robein Leven is a closed life insurer domiciled in the Netherlands with traditional and linked savings products, mortgages and annuities.
Both Monument Re and Chesnara are committed to providing continuity of services during the period of transition and will take all steps necessary to prepare for a seamless transfer for policyholders and staff.
Change of control of the companies will follow satisfaction of customary closing conditions, including receipt of regulatory approvals.
Aperghis & Co acted as financial adviser to Monument Re with Simmons and Simmons providing legal counsel.
About Monument Re
Monument Re is a reinsurer and asset consolidator with a proven track record in the acquisition and operation of portfolios or direct insurers in Europe. Monument Re has a presence in Bermuda which has full Solvency II equivalence along with Switzerland. The Monument Re Group also operates through its subsidiaries in Belgium, the Netherlands, Ireland, Isle of Man, Guernsey, and Luxembourg, with branches in Spain, Italy and Germany.
Monument Re is subject to Group Supervision by the Bermuda Monetary Authority.
4 Par-la-Ville Road
+1 441 400 9300
Monument Life Insurance DAC
Two Park Place,
Upper Hatch Street,
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
+352-264 98 1
Monument International Life Assurance Company Limited
St George’s Court
Upper Church Street
Isle of Man IM1 1EE
+44 1624 683 683
Robein Leven NV
2514 JH Den Haag,
070 376 66 66
Nordben Life and Pension Insurance Co. Limited
OLD bank chambers
La grande rue