Monument Re makes another acquisition

Monument Re has completed the acquisition of Inora Life DAC from the French bank Societe Generale.

The acquisition was made through Monument’s European subsidiary, Laguna Life, following receipt of regulatory approval from the Central Bank of Ireland. The terms of the deal were not disclosed.

Monument Re is a class E reinsurer and holding company and is regulated by the Bermuda Monetary Authority. It operates primarily in Europe as an asset intensive reinsurer and acquirer, and has licensed subsidiaries in Ireland, Belgium, Luxembourg, The Netherlands and Guernsey.

In June it acquired Guernsey-based Nordben Life and Pension Insurance from BenCo Insurance Holding.