Operating Company Financial Services

Monument Re

Hamilton, Bermuda

Monument Re Limited is a Bermuda-based reinsurer and asset-intensive acquirer that assumes and operates insurance and annuity portfolios in Europe, leveraging legacy portfolio consolidation strategies across its licensed operating companies.

Focus Areas
Life reinsurance, Annuities, Life insurance

Tracked deals

4

4 tracked deals across 2020-2022.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

2 buyout · 2 divestiture

Monument Re Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for Monument Re. 1 2020 3 2022

Supporting Data

Recent Transactions

  • Buyer
    Monument International Life Assurance Company Limited (MILAC), Monument Re Limited
    Target
    Zurich International Life Limited (Singapore long‑term life insurance portfolio)
    Seller
    Zurich International Life Limited
    Industry
    Insurance
    Location
    Singapore

    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.

  • Buyer
    Monument Assurance Luxembourg S.A., Monument Re Limited
    Target
    AME Life Lux S.A.
    Industry
    Insurance
    Location
    Luxembourg

    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.

  • Buyer
    Monument Assurance Luxembourg S.A., Monument Re Limited
    Target
    AME Life Lux S.A.
    Seller
    Covéa (Groupe Covéa)
    Industry
    Insurance
    Location
    Luxembourg
    Type
    Buyout

    Monument Assurance Luxembourg S.A., a Luxembourg subsidiary of Monument Re Group, completed the acquisition of AME Life Lux S.A. from French mutual insurance group Covéa following regulatory approval from the Commissariat aux Assurances. The deal expands Monument's Luxembourg life-insurance footprint and will not affect AME Life Lux policyholders; Monument later announced the merger of AME Life Lux into its Monument Assurance Luxembourg entity.

  • Buyer
    Monument Re Ltd
    Target
    GreyCastle Holdings Ltd, GreyCastle Life Reinsurance (SAC) Ltd, GreyCastle Services
    Seller
    Shareholders of GreyCastle Holdings Ltd
    Location
    Bermuda
    Type
    Buyout

    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.

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