Monument Re completes acquisition of portfolio from Curalia OVV

Bermuda life Reinsurance and Insurance Holding Company Monument Re has acquired a closed book of life business from Curalia OVV, a Belgian mutual insurance company. The portfolio transfers into Monument Assurance Belgium, the Belgian carrier of the Monument Re Group. The terms of the transaction were not disclosed.

Curalia’s transaction represents Monument Re’s twelfth acquisition in Europe. The policy terms and conditions of the contracts will remain unchanged.

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