Monument Re Subsidiary Acquires Zurich International Life's Singapore Closed‑Book Portfolio
November 4, 2022
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.
- Targets
- Zurich International Life Limited (Singapore long‑term life insurance portfolio)
- Sellers
- Zurich International Life Limited
- Industry
- Insurance
- Location
- Singapore
- Transaction Type
- Divestiture
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