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Monument Re buys Benelux Life Run-off
Monument Re has announced that it has acquired closed Dutch life insurer Robein Leven and its subsidiaries from Amerborgh Financial Services.
Robein Leven is domiciled in the Netherlands and has traditional and linked products. The transaction is subject to regulatory approval and is the latest in a number of European acquisitions by Monument Re over the past year.
Manfred Maske, chief executive officer of Monument Re Group, said that: “It has been a pleasure to work with Amerborgh and to be able to announce this transaction. The acquisition of Robein Leven establishes our long-term presence in the Netherlands as part of our Benelux strategy.”
In a statement Dus Fabius, Managing Director of Robein Leven, and Matthijs Vernooij, Director said that: “We are delighted to become part of an innovative and ambitious organisation and are excited to contribute to Monument Re’s growth strategy in the Benelux.”
According to Monument Re, the final change of control of the company will follow satisfaction of customary closing conditions, including receipt of regulatory approvals.
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