NEWS

MONUMENT RE COMPLETES ACQUISITION OF GREYCASTLE HOLDINGS LTD AND ITS SUBSIDIARIES

Hamilton, Bermuda 27th May 2020
 
 
Monument Re announced today that it has completed the acquisition of GreyCastle Holdings Ltd. (‘GreyCastle’) and its subsidiaries, which include GreyCastle Life Reinsurance (SAC) Ltd. and GreyCastle Services Ltd., following receipt of regulatory approval from the Bermuda Monetary Authority.

 

About GreyCastle

 
GreyCastle was founded in 2014 by a group of institutional investors to reinsure a block of XL Life Reinsurance life and annuity liabilities of  approximately USD4bn.

 

About Monument Re

 
Monument Re Limited is a life Reinsurance and Insurance Holding Company with a presence in Bermuda, Ireland, Belgium, Luxembourg, the Netherlands and Guernsey, with branches in Spain, Italy, France and Germany. Monument Re operates as a reinsurer and acquirer of European asset intensive portfolios. Through this strategy, Monument Re assumes asset-based risks within its risk appetite and efficiently operates these businesses or portfolios.
 
Monument Re is subject to Group Supervision by the Bermuda Monetary Authority.
 
To learn more, please visit www.monumentregroup.com or contact Manfred Maske, CEO, info@monumentregroup.com.

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