Monument Re Acquires First A Run-off Portfolio from Ethias S.A.
Laguna Life DAC is an Irish domiciled insurance undertaking and a 100% subsidiary of
The policyholders will be informed that the insurer will no longer be
However, this transfer will result in the loss of the savings guarantee in
Following the completion of the acquisition of the First A Portfolio from
“It is a balanced agreement in which we have sought to ensure that the further management of this portfolio is carried out by a buyer specialized in the run-off management of life insurance products and who, as an Irish company, is also subject to the same European Solvency requirements as
“We are also pleased that
Completion will follow satisfaction of customary closing conditions (including receipt of regulatory approvals).
All policyholder enquiries should be directed to
About
Ethias’s product range is aimed at retail clients and public authorities, such as regions, cities and municipalities, provinces, the federal state of
To learn more, please visit www.ethias.be.
Press spokesperson: Mr.
About
The Irish subsidiaries of Monument Re trade as
To learn more, please visit www.monumentregroup.com.
Press spokesperson: Mr.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180416006185/en/
Monument Re
[email protected]
or
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Source: Monument Re
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