Monument Re announced today that, subject to regulatory approval, it has entered into an agreement to sell
Both Monument Re and Chesnara are committed to providing continuity of services during the period of transition and will take all steps necessary to prepare for a seamless transfer for policyholders and staff.
Change of control of the companies will follow satisfaction of customary closing conditions, including receipt of regulatory approvals.
Aperghis & Co acted as financial adviser to Monument Re with
About Monument Re
Monument Re is a reinsurer and asset consolidator with a proven track record in the acquisition and operation of portfolios or direct insurers in
Monument Re is subject to Group Supervision by the
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Source: Monument Re