Today: January 16, 2019, 7:06 pm
  
Business

Monument Re Acquires Portfolio From Alpha Insurance S.A.

PR-Inside.com: 2018-11-08 14:08:01

Monument Re Acquires Portfolio From Alpha Insurance S.A.

Monument Re Limited
Manfred Maske, +1-441-400-3900
info@monumentregroup.com

Monument Re announced today that, subject to regulatory approval, it has acquired a run-off portfolio of traditional life and credit life business from Alpha Insurance S.A., a Belgian composite insurance company and a wholly-owned subsidiary of Enstar Group Limited. Upon receipt of regulatory approvals, the portfolio will transfer to Monument Assurance Belgium NV, the Belgian carrier of the Monument Re Group.

Manfred Maske, CEO of Monument Re Group, said that “This acquisition marks our second transaction in Belgium and is an excellent bolt-on portfolio for Monument Assurance Belgium. As part of our insurance strategy, we view Belgium as a key life consolidation market for Monument Re and anticipate increasing levels of transaction activity, especially in medium sized portfolios requiring capital solutions.”

Alpha represents Monument Re’s eighth acquisition in Europe. Transfer of the portfolio will follow satisfaction of customary closing conditions, including receipt of regulatory approvals.

About Alpha Insurance S.A.

Alpha Insurance S.A., formerly “Nationale Suisse Belgium”, is a Belgian composite insurance company authorised by the National Bank of Belgium. Alpha Insurance S.A. 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 a 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.

Press Information


Published by
Hossam Abdel-Kader
+43 1 9582319
e-mail
http://www.pr-inside.com/


# 372 Words
Related Articles
More From The Author
Xactware: Xactware Processes 100-Millionth Estimate
Xactware Processes 100-Millionth Estimate Company has seen significant advances to its claims platform since processing its [..]
Experian Launches Powerful New Analytics Solution to [..]
Experian has launched a powerful new analytics solution across its Europe, Middle East and Africa region (EMEA) to help businesses [..]
Nuritas Announces Launch of the World’s First [..]
DUBLIN, Ireland, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Nuritas today announced the commercial launch of PeptAIde, the world’s first [..]
GAEBB Group BV Acquires Assets of Charles [..]
MUNICH, Germany, Nov. 08, 2018 (GLOBE NEWSWIRE) -- GAEBB Group, BV (“GAEBB”), a joint venture formed by Great American Group, [..]
Cisco Announces First Hybrid Solution for Kubernetes [..]
SAN JOSE, Calif., Nov. 08, 2018 (GLOBE NEWSWIRE) -- Applications are the lifeblood of business. Build them easily and get [..]
 
More From Business
3,300+ Finance, Business Leaders Join Asian Financial [..]
HONG KONG, Jan 16, 2019 - (ACN Newswire) - More than 3,300 financial policymakers, financial elites and business leaders attended [..]
The Executive Talk: Chememan PCL (SET:CMAN)
BANGKOK, Jan 15, 2019 - (ACN Newswire) - Chememan PCL (SET:CMAN) Chief Executive Officer, Mr. Adisak Lowjun discusses the company's [..]
Sapphire's Subsidiary Awarded EPC Contract of RMB [..]
SINGAPORE, Jan 15, 2019 - (ACN Newswire) - SGX Mainboard-listed Sapphire Corporation Limited ("Sapphire", and together [..]
Hong Kong Investment Promotion chief visits London [..]
HONG KONG, Jan 14, 2019 - (ACN Newswire) - The Director-General of Investment Promotion of the Hong Kong Special Administrative [..]
Wildfire Design & Build Receives 2018 Best [..]
NAPA December 13, 2018 -- Wildfire Design & Build has been selected for the 2018 Best of Napa Award in [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.