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.
Monument Re, Nordben