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Allianz and Monument Re Complete Sale of Part of Allianz's Closed Life Book Portfolio in Belgium

Allianz and Monument Re Complete Sale of Part of Allianz s Closed Life Book Portfolio in Belgium
Allianz continues serving the portfolio until 2022 to secure a seamless transfer for its clients broker partners.
Allianz remains committed to the Belgian market, focusing on open books in Life, Health, Employee Benefits and Property-Casualty, offering innovative and modern product lines like Branch 23.
The transaction has been approved by the Belgian regulator with effective date April 1st, 2021 and follows the announcement released in August 2020: Allianz Benelux and Monument Re announce closed book portfolio transaction.
With the completion of the transaction, both Allianz Benelux and MAB will now focus on ensuring a seamless transfer for clients and broker partners involved. Therefore, Allianz continues to service the portfolio throughout 2021 and into 2022. ....

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Monument Re Limited: Monument Re Acquires Variable Annuity Portfolio From Athora Life Plc.

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. ....

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Monument Re Limited: CORRECTING and REPLACING Monument Re Acquires Variable Annuity Portfolio From Athora Ireland Plc.

Monument Re Limited: CORRECTING and REPLACING Monument Re Acquires Variable Annuity Portfolio From Athora Ireland Plc.
The updated release reads:
MONUMENT RE ACQUIRES VARIABLE ANNUITY PORTFOLIO FROM ATHORA IRELAND 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. ....

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Monument Re Completes Portfolio Transfer and Subsequent Delicencing of Omega Life

Monument Re Completes Portfolio Transfer and Subsequent Delicencing of Omega Life
Monument Re announced today that it completed the portfolio transfer of the Omega Life book into the Italian Branch of Monument Assurance Luxembourg S.A at the end of December 2020. In accordance with the approval of the Irish High Court, the portfolio transferred to Monument Assurance Luxembourg with unchanged terms and conditions for policyholders.
The Board of Omega Life subsequently received authorisation from the Central Bank of Ireland to withdraw the life insurance licence of Omega Life which was completed on 9
th of February 2020.
For further information:
To learn more, please visit our website at www.monumentregroup.com or contact [email protected], +1(441) 400-9300. ....

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