Allianz offloads €1.4bn Belgian life portfolio to Monument Re

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.

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

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