HAMILTON, Bermuda--(BUSINESS WIRE)--Monument Re Limited (“Monument Re”) announced today that it has completed the acquisition of ABN AMRO Life Capital Belgium (“AALCB”) following receipt of regulatory approval by the National Bank of Belgium. AALCB has been renamed Monument Assurance Belgium N.V.
Manfred Maske, Group CEO of Monument Re said: “We are pleased to announce the regulatory approval of the National Bank of Belgium and the completion of the acquisition of AALCB in Belgium. With our Belgian platform for consolidation of run-off portfolios or entities established, we look forward to further growth.”
About Monument Re
Monument Re Limited was established in 2016 and is licensed by the Bermuda Monetary Authority as a Class E reinsurer. Monument Re acts as a reinsurer and acquirer of asset-intensive European insurers looking to improve their capital efficiency through a strategy of reinsurance and/or acquisition.