Monument Re signs reinsurance deal with Chesnara subsidiary

Bermuda-based reinsurer  Monument Re has entered into a reinsurance agreement with Countrywide Assured, a subsidiary of Chesnara.

“It has been a pleasure to work with Chesnara and CountryWide and conclude this annuity reinsurance with CountryWide,” Manfred Maske (pictured), group CEO of  Monument Re, said.

Monument Re operates as a reinsurer and acquirer of European asset-intensive portfolios. It assumes asset-based risks within its risk appetite and efficiently operates these businesses or portfolios.

Chesnara is a life and pensions company listed on the London Stock Exchange. It operates as Countrywide Assured in the UK, as the Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.

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