Monument Re Completes Acquisition From Alpha
Monument Re announced that its European subsidiary Monument Assurance Belgium NV completed the acquisition of a run-off portfolio of traditional life and credit life business from Alpha Insurance SA, a Belgian composite insurance company.
Alpha Insurance SA is a wholly-owned subsidiary of Enstar Group Limited. 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.
Monument Re Limited is a Class E reinsurer and Holding Company subject to Group Supervision by the Bermuda Monetary Authority.
