Monument Assurance Luxembourg (Monument Re) Acquires AME Life Lux S.A. from Covéa

Monument Assurance Luxembourg Absorbs AME Life Lux S.A.

October 3, 2022

Insurance

Monument Re announced that AME Life Lux S.A. will merge into Monument Assurance Luxembourg S.A. after receiving regulatory approval from the Commissariat aux Assurances. Following the merger, Monument Assurance Luxembourg will be the sole Monument Re group entity in Luxembourg as part of a corporate consolidation of legacy life portfolios.

Monument Re Ltd Acquires GreyCastle Holdings Ltd and Subsidiaries

March 27, 2020

Financial Services

Monument Re Ltd has signed an agreement to acquire Bermuda-domiciled GreyCastle Holdings Ltd and its subsidiaries (including GreyCastle Life Reinsurance (SAC) Ltd and GreyCastle Services) from GreyCastle’s shareholders, subject to regulatory approvals. The acquisition expands Monument Re’s life and annuity reinsurance portfolio and supports its strategy of assuming and operating asset-intensive insurance portfolios internationally.

Monument Re Subsidiary Acquires Zurich International Life's Singapore Closed‑Book Portfolio

November 4, 2022

Insurance

Monument International Life Assurance Company Limited (MILAC), an Isle of Man subsidiary of Monument Re Limited, has completed the acquisition of the closed book portfolio of Zurich International Life Limited's Singapore long‑term life insurance business. The Singapore portfolio and its employees have transferred into MILAC's Singapore branch following receipt of court and regulatory approvals in the Isle of Man and Singapore.

Aéma Groupe Acquires Aviva France

September 30, 2021

Insurance

Aéma Groupe completed the acquisition of Aviva France on 30 September 2021, bringing roughly 3 million policyholders and about 4,500 employees into the mutual group and establishing Aéma as a top-five insurer in France. The deal — sold by Aviva (Aviva plc) — furthers Aéma's strategy to scale its multi-brand, multi-network insurance and asset-management platform.

Brookfield Reinsurance Acquires American Equity Investment Life Holding Company (AEL)

May 2, 2024

Insurance

Brookfield Reinsurance (BNRE) entered into and expected to close its acquisition of American Equity Investment Life Holding Company (AEL), with the transaction expected to close after market on May 2, 2024. The deal brings AEL’s annuities and life insurance capabilities under Brookfield Reinsurance’s capital-solutions platform to expand liability-driven asset allocation and private asset management capabilities.

ALKEME Acquires Dunhill Marketing & Insurance Services

August 13, 2024

Insurance

ALKEME, a Top 40 insurance brokerage based in Ladera Ranch, California, has acquired Dunhill Marketing & Insurance Services, a San Diego-based specialist in life insurance and annuities for high-net-worth clients. The acquisition expands ALKEME's life and annuity product capabilities and strengthens its presence in the high-end personal insurance market.