Monument Re subsidiary closes group life deal in Belgium
Updated: Jul 07, 2024 06:40 PM
Consolidation strategy: Carlo Elsinghorst, group CEO of Monument Re Ltd (File photograph)
Bermudian-based Monument Re Ltd has announced that its subsidiary Monument Assurance Belgium NV has completed the acquisition of a branch 21 closed book classical group life insurance portfolio from Contassur – Contibel Assurances Vie – Contibel Levensverzekeringen SA/NV.
Completion followed the receipt of regulatory approval from the National Bank of Belgium.
Koen Depaemelaere, CEO of Monument Assurance Belgium, and Carlo Elsinghorst, the Bermudian-based group CEO of Monument Re Ltd, said: “We are delighted to share that we have completed the acquisition of this portfolio from Contassur, marking another positive step in our consolidation strategy for Belgium.”
Koen Depaemelaere, CEO of Monument Assurance Belgium (File photograph)
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Published July 03, 2024 at 4:51 pm (Updated July 07, 2024 at 6:40 pm)
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