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Monument Assurance Belgium and Intégrale Reach Agreement for the Transfer of Intégrale’s Entire Portfolio and Staff to MAB
May 7, 2021 GMT
BRUSSELS (BUSINESS WIRE) May 7, 2021
Monument Assurance Belgium (“MAB”) and Intégrale have reached an agreement under which MAB will acquire the entire portfolio and all the staff of the insurance company Intégrale. This agreement follows a firm offer from MAB, which was considered by the provisional administrators appointed by the National Bank of Belgium (“NBB”) to be that which best meets the interests of Intégrale policyholders and staff. The transaction remains subject to the final approval of the NBB.
Monument Belgium, Intégrale Transaction
Monument Assurance Belgium [MAB] and Intégrale have “reached an agreement under which MAB will acquire the entire portfolio and all the staff of the insurance company Intégrale.”
A spokesperson said, “This agreement follows a firm offer from MAB, which was considered by the provisional administrators appointed by the National Bank of Belgium [NBB] to be that which best meets the interests of Intégrale policyholders and staff. The transaction remains subject to the final approval of the NBB.
“During the transition period, MAB and Intégrale will take all steps necessary to prepare for a seamless transfer for policyholders, brokers and staff. In the meantime, Intégrale’s staff will continue to service policyholders and brokers as usual.
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Monument Assurance Belgium ( MAB ) and Intégrale have reached an agreement under which MAB will acquire the entire portfolio and all the staff of the insurance company Intégrale. This agreement follows a firm offer from MAB, which was considered by the provisional administrators appointed by the National Bank of Belgium ( NBB ) to be that which best meets the interests of Intégrale policyholders and staff. The transaction remains subject to the final approval of the NBB.
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During the transition period, MAB and Intégrale will take all steps necessary to prepare for a seamless transfer for policyholders, brokers and staff. In the meantime, Intégrale s staff will continue to service policyholders and brokers as usual.
Monument Re Limited: Monument Re Acquires Variable Annuity Portfolio From Athora Life Plc.
Monument Re announced today that, subject to necessary Irish High Court and regulatory approvals, it has agreed to acquire the closed-block portfolio of variable annuities from Athora Ireland plc, a wholly-owned subsidiary of Athora Holding Ltd. Financial terms of the transaction were not disclosed.
We are pleased to have reached agreement with Athora to acquire this block of business which further reinforces our position as the market leading consolidator in Ireland, said Manfred Maske, CEO of Monument Re.
About Athora Holding Ltd.
Athora is a specialised insurance and reinsurance group fully focused on the European market. Athora dedicates its focus, capital, time and technical insights to offering its customers a stable, long-term performance on its products. Athora s principal subsidiaries are Athora Netherlands N.V. (Amstelveen, Netherlands), Athora Belgium N.V./S.A. (Brussels),