Monument Re Acquires Portfolio From AXA

November 2, 2022

Monument Re’s Belgian subsidiary has completed the acquisition of a run-off life insurance portfolio.

A spokesperson said, “Monument Re announced today that its Belgian subsidiary Monument Assurance Belgium [MAB] has completed the acquisition of a run-off life insurance portfolio with BEGAAP provisions of EUR2.6bn from AXA Belgium, following receipt of regulatory approval from the National Bank of Belgium.”

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