Allianz offloads €1.4bn Belgian life portfolio to Monument Re in 'capital light' strategy


German insurer Allianz has reached an agreement to sell its Belgian life insurance and mortgage portfolio worth €1.4 billion to Bermuda-based re/insurer Monument Re, as part of its strategy to shift to "capital light insurance products" and reduce its operational complexity.

Allianz, Monument Re, Life portfolio, Mortgage Portfolio, Kathleen Van den Eynde, Bermuda, Germany,

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