Monument Re Ltd Acquires GreyCastle Holdings Ltd and Subsidiaries
March 27, 2020
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.
- Buyers
- Monument Re Ltd
- Targets
- GreyCastle Holdings Ltd, GreyCastle Life Reinsurance (SAC) Ltd, GreyCastle Services
- Sellers
- Shareholders of GreyCastle Holdings Ltd
- Industry
- Financial Services
- Location
- Bermuda
- Transaction Type
- Buyout
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