Monument Re Acquires AME Life Lux S.A.
Monument Re announced that its Luxembourg subsidiary Monument Assurance Luxembourg S.A. has completed the acquisition of AME Life Lux S.A. [AMELL] from French Mutual Insurance Group, Covéa, following receipt of regulatory approval from the Commissariat aux Assurances. Financial terms of the transaction were not disclosed.
A spokesperson said, “AMELL is a well-established Luxembourg-based life insurance company with a market presence in Luxembourg and Belgium. The transaction will have no impact on AMELL’s policyholders.”
