Monument Re merges AME Life Lux into Luxembourg entity

Bermuda-based reinsurer  Monument Re has merged AME Life Lux S.A. into Monument Assurance Luxembourg S.A. following receipt of regulatory approval from the Commissariat aux Assurances.

As a result, Monument Assurance Luxembourg S.A. will be the sole Monument Luxembourg entity following the merger.

Monument Assurance Luxembourg S.A. is a fully licensed Luxembourg life insurance company regulated by the Commissariat aux Assurances, with branches in Spain, Italy, and Germany. Its strategy is to acquire, by portfolio transfer or outright purchase, legacy guaranteed and linked portfolios in Luxembourg, Italy and Spain.

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