Portfolio Exits
1Partners & Customers
3Service Providers
1
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Latest Monument News
Nov 2, 2022
November 02, 2022 07:00 AM Eastern Daylight Time HAMILTON, Bermuda--( BUSINESS WIRE )--Monument Re announced today that its Belgian subsidiary Monument Assurance Belgium (“MAB”) has completed the acquisition of a run-off life insurance portfolio with BEGAAP provisions of EUR2.6bn from AXA Belgium, following receipt of regulatory approval from the National Bank of Belgium. Monument Assurance Belgium is a Belgian life assurance company regulated by the National Bank of Belgium. MAB is a member of the Monument Re Group and has established itself as the leading consolidator of life insurance and pension portfolios in Belgium. Monument Re Limited is a life insurance reinsurer and insurance holding company with a proven track record in acquiring capital-intensive European portfolios. Monument Re is present in Bermuda which, like Switzerland, is subject to requirements comparable to Solvency II in Europe. The Monument Re Group also operates through its subsidiaries in Belgium, Ireland, Isle of Man, Guernsey, and Luxembourg, with branches in Spain, Italy, and Germany. Each entity is subject to local regulation and Monument Re is subject to Group Supervision by the Bermuda Monetary Authority. Monument Re is subject to Group Supervision by the Bermuda Monetary Authority. For further information: Contacts
Monument Portfolio Exits
1 Portfolio Exit
Monument has 1 portfolio exit. Their latest portfolio exit was Robein on November 25, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
11/25/2021 | Acquired - II | 5 |
Monument Acquisitions
16 Acquisitions
Monument acquired 16 companies. Their latest acquisition was Zurich International on November 04, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
11/4/2022 | Acquired | 1 | ||||
6/3/2022 | Acquired Unit | 1 | ||||
12/15/2021 | Acquired | 2 | ||||
5/12/2021 | ||||||
2/17/2021 |
Date | 11/4/2022 | 6/3/2022 | 12/15/2021 | 5/12/2021 | 2/17/2021 |
|---|---|---|---|---|---|
Investment Stage | |||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired | Acquired Unit | Acquired | ||
Sources | 1 | 1 | 2 |
Monument Partners & Customers
3 Partners and customers
Monument has 3 strategic partners and customers. Monument recently partnered with Enstar Group on September 9, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
9/20/2022 | Partner | Bermuda | Monument Re agrees novation of retrocession agreement from Enhanzed Re Life reinsurance and insurance holding company , Monument Re , has agreed the novation of a retrocession agreement from Enhanzed Re , a subsidiary of Enstar Group Limited , to Monument Re . | 1 | |
4/19/2022 | Client | ||||
4/11/2022 | Client |
Date | 9/20/2022 | 4/19/2022 | 4/11/2022 |
|---|---|---|---|
Type | Partner | Client | Client |
Business Partner | |||
Country | Bermuda | ||
News Snippet | Monument Re agrees novation of retrocession agreement from Enhanzed Re Life reinsurance and insurance holding company , Monument Re , has agreed the novation of a retrocession agreement from Enhanzed Re , a subsidiary of Enstar Group Limited , to Monument Re . | ||
Sources | 1 |
Monument Service Providers
1 Service Provider
Monument has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Stephens | Acquired | Investment Bank | Financial Advisor |
Service Provider | Stephens |
|---|---|
Associated Rounds | Acquired |
Provider Type | Investment Bank |
Service Type | Financial Advisor |
Partnership data by VentureSource
Monument Team
2 Team Members
Monument has 2 team members, including current Chief Executive Officer, Manfred Maske.
Name | Work History | Title | Status |
|---|---|---|---|
Manfred Maske | PwC, and Old Mutual | Chief Executive Officer | Current |
Name | Manfred Maske | |
|---|---|---|
Work History | PwC, and Old Mutual | |
Title | Chief Executive Officer | |
Status | Current |
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