Deal snapshot: MONUMENT RE CLOSES ACQUISITION OF PORTFOLIO FROM ALPHA INSURANCE SA.

MANews-(C)2009-2019

Bermuda-based reinsurer Monument Re's European subsidiary, Monument Assurance Belgium NV, has completed the acquisition of a run-off portfolio of traditional life and credit life business from Alpha Insurance SA, a Belgian composite insurance company, the company said.

Alpha Insurance SA is a wholly-owned subsidiary of Enstar Group Ltd. In accordance with the approval of the National Bank of Belgium, the portfolio transfer into Monument Assurance Belgium is made effective 31 May 2019, with the policy terms and conditions unchanged.

Country: Belgium

Sector: Insurance

Target: Run-off portfolio of traditional life and...

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