Monument Re Signs Agreement To Sell Robein
Monument Re announced today [Nov 25] that, subject to regulatory approval, it has entered into an agreement to sell Robein Leven N.V. and its subsidiary Robein Effectendienstverlening to Chesnara plc through its existing Netherlands-based platform, the Waard Group.
A spokesperson said, “Robein Leven is a closed life insurer domiciled in the Netherlands with traditional and linked savings products, mortgages and annuities.
“Both Monument Re and Chesnara are committed to providing continuity of services during the period of transition and will take all steps necessary to prepare for a seamless transfer for policyholders and staff.
“Change of control of the companies will follow satisfaction of customary closing conditions, including receipt of regulatory approvals.
“Aperghis & Co acted as financial adviser to Monument Re with Simmons and Simmons providing legal counsel.”
