Monument Re makes acquisition in Belgium

Monument Re has acquired a closed book of life business from Curalia OVV, a Belgian mutual insurance company.

Monument Re acquires European asset intensive portfolios, assuming asset based risks which it then operates. This was Monument Re’s twelfth acquisition in Europe. The portfolio transfers into Monument Assurance Belgium NV, Monument Re’s Belgian carrier, with the policy terms and conditions of the contracts remaining unchanged.

The terms of the transaction were not disclosed.