27 June 2019News

Monument Re completes acquisition of Nordben

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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More on this story

News
5 October 2023   The life re/insurer said the six-year holder of the post will be replaced by the group’s CFO.
News
16 August 2023   The legacy life reinsurer has seen its capital ratios drop.
News
22 May 2023   It has reached an agreement with Integrale Luxembourg.