Monument Re Completes Takeover Of Portfolio From AXA Belgium
Monument Re Completes Takeover Of Portfolio From AXA Belgium
A run-off life insurance portfolio with BEGAAP provisions of €2.6 billion from AXA Belgium has been acquired by life insurance and reinsurance holding company Monument Re through its Belgian subsidiary Monument Assurance Belgium (MAB).
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Following National Bank of Belgium regulatory approval, the deal was finished.
The first mention of the transaction was made in December 2021.
MAB is a Belgian life assurance company regulated by the National Bank of Belgium.
At the same time, MAB is also a member of the Monument Re Group and has established itself as the leading consolidator of life insurance and pension portfolios in Belgium.
Monument Re Completes Takeover Of Portfolio From AXA Belgium
Meanwhile, Monument Re recently announced that AME Life Lux S.A. will merge with its subsidiary, Monument Assurance Luxembourg S.A. following receipt of regulatory approval from the Commissariat aux Assurances.
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Also, earlier in the year, Monument Re agreed to acquire the closed book portfolio of Zurich International Life Limited’s Singapore long-term life insurance business.
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