Monument Re, a Bermuda-based reinsurer established to operate as an asset intensive reinsurer and acquirer principally in Europe, has completed the acquisition of a Belgian run-off portfolio of traditional life and credit life business from Alpha Insurance SA.
Alpha Insurance SA is a Belgian composite insurance company wholly owned by Enstar Group. It is authorised by the National Bank of Belgium (NBB).
In accordance with the approval of NBB, the portfolio transfer into Monument Assurance Belgium is made effective 31 May 2019, with the policy terms and conditions unchanged.
The terms of the transaction were not disclosed.
Monument Re, Enstar, Alpha Insurance SA, Run-off, Bermuda, Europe