Monument Re’s MAL Completes Transfer
Monument Re announced today that its Luxembourg subsidiary Monument Assurance Luxembourg S.A. [MAL] completed the transfer of the closed book portfolio of long term life insurance business from Integrale Luxembourg S.A.
The portfolio serves mainly the Luxembourgish, Dutch and French markets, and is strategically aligned to MAL’s existing business model. The portfolio was transferred to MAL with unchanged terms and conditions for policyholders.”
