Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Monument Re Closes Acquisition of Portfolio from Alpha Insurance SA.

Document Cited in Related
Vincent

MANews-(C)2009-2019

29 May 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.

The terms of the transaction were not disclosed.

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.

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 Ltd. (NASDAQ: ESGR).

Monument Re Ltd. 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...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT