Monument Re Limited Announces Key Staffing Changes

HAMILTON, Bermuda--(BUSINESS WIRE)--Monument Re Limited (“Monument Re”) announced today that Manfred Maske has stepped down from his role as Group CEO effective from 19^th September 2023.

Jonathan Yates, Chairman of Monument Re, stated that “Manfred joined Monument Re Group in February 2017, when the company was a relatively new venture. Over 6 years of dedicated service, Manfred has played an integral role in creating the market leading business that it is today. Together with the Senior Leadership Team, I would like to thank Manfred for his leadership, commitment, dedication and invaluable contribution to the creation of the Monument Re Group. We wish Manfred the best of success in his future endeavours”.

Monument further announced that Carlo Elsinghorst has been appointed as Group CEO. Carlo joined Monument in 2020 as CEO Ireland and was appointed Group CFO in April 2022. During his time at Monument, Carlo successfully led the Irish team through a series of domestic acquisitions and the growing maturity of the organisation and in his role as Group CFO has held responsibility for Financial and Actuarial Reporting and Operations, Treasury, Tax, Performance Management and Capital Management.

Monument Re Limited is a life insurance reinsurer and insurance holding company with a proven track record in acquiring capital-intensive European portfolios. Monument Re is present in Bermuda which is subject to requirements equivalent to Solvency II in Europe. The Monument Re Group also operates through its subsidiaries in Belgium, Ireland, Isle of Man and Luxembourg, with branches in Spain, Italy, Guernsey, Singapore and Germany. Each entity is subject to local regulation and Monument Re is subject to Group Supervision by the Bermuda Monetary Authority.

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