Monument Re Acquires Variable Annuity Portfolio From Athora Ireland plc
Business Wire
Monument Re announced today that its Irish subsidiary Monument Life Insurance DAC has completed the acquisition of a closed-block portfolio of variable annuities from Athora Ireland plc, a wholly-owned subsidiary of Athora Holding Ltd. The portfolio has been in run-off since 2017. Financial terms of the transaction were not disclosed.
In accordance with the approval of the Irish High Court, the portfolio has transferred to Monument Life Insurance DAC with unchanged terms and conditions for policyholders.
About Monument Re and Monument Life Insurance
Monument Re Limited is a life Reinsurance and Insurance Holding Company with a presence in Bermuda, Ireland, Belgium, Luxembourg, The Netherlands, the Isle of Man and Guernsey, with branches in Spain, Italy and Germany. Monument Re operates as a reinsurer and acquirer of European asset-intensive portfolios. Through this strategy, Monument Re assumes asset-based risks within its risk appetite and efficiently operates these businesses or portfolios.
Monument Re is subject to Group Supervision by the Bermuda Monetary Authority.
Monument Life Insurance DAC is an Irish insurance company regulated by the Central Bank of Ireland and 100% owned by Monument Re Limited.
Zurich completes acquisition of supplemental health insurance provider
United Surety & Indemnity Company Expands Market Offerings with Launch of General Liability Product for Commercial Line of Business on Majesco P&C Core Suite
Advisor News
- Flexibility is the future of employee financial wellness benefits
- Bill aims to boost access to work retirement plans for millions of Americans
- A new era of advisor support for caregiving
- Millennial Dilemma: Home ownership or retirement security?
- How OBBBA is a once-in-a-career window
More Advisor NewsHealth/Employee Benefits News
Life Insurance News
- Private placement securities continue to be attractive to insurers
- Inszone Insurance Services Expands Benefits Department in Michigan with Acquisition of Voyage Benefits, LLC
- Affordability pressures are reshaping pricing, products and strategy for 2026
- How the life insurance industry can reach the social media generations
- Judge rules against loosening receivership over Greg Lindberg finances
More Life Insurance NewsProperty and Casualty News
- It’s the most accident-prone time of the year
- PUBLIC INVITED TO REVIEW FLOOD MAPS IN FRANKLIN COUNTY
- $100,000 insurance policy required for ‘dangerous dog’ owners in Redlands
- Beyond the house: Insuring your deck, fence, and detached garage
- Citizens Insurance plans to cut premiums next year. Will that lead to fewer takeouts?
More Property and Casualty News