Monument Re has completed its acquisition of Nordben Life and Pension Insurance from BenCo Insurance Holding.
Nordben, a Guernsey-based company, is licensed to carry out long-term and general insurance business but has been closed to all new business since early 2016.
Manfred Maske, CEO of Monument Re Group, said: “The completion of this transaction positions the Monument Group well in executing its strategy in the Crown Dependencies.”
The deal was approved by the Guernsey Financial Services Commission.
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