NEWS
MONUMENT RE COMPLETES ACQUISITION OF THE CHARLES TAYLOR GROUP’S LIFE OPERATIONS IN THE ISLE OF MAN
Hamilton, Bermuda 17th February 2021
Monument Re announced today that it has completed the acquisition of the Charles Taylor Group’s Isle of Man life and investment operations, following receipt of regulatory approval from the Isle of Man Financial Services Authority and non-objection from the Bermuda Monetary Authority.
LCL International Life Assurance Company Limited has been renamed Monument International Life Assurance Company Limited and is the core life insurance entity in the Isle of Man.
About the Charles Taylor Group
Charles Taylor provides insurance services, claims and technology solutions to all parties within the global insurance market. Its technical expertise, technological tools and breadth of solutions enable its clients to outperform, by addressing complexities and challenges across every stage and aspect of the insurance lifecycle and operating model.
Charles Taylor employs approximately 3,100 staff in more than 120 locations spread across 30 countries in Europe, the Americas, Asia Pacific, the Middle East and Africa. It has earned the trust of a diversified, blue-chip international customer base that includes national and international insurance companies, mutuals, captives, MGAs, Lloyd’s syndicates and reinsurers, along with brokers, distributors and corporate insureds.
Contacts
Philippa Ushio
Prosek Partners
+1 858 373 7052
pro-charlestaylor@prosek.com
About Monument Re
Monument Re Limited is a life Reinsurance and Insurance Holding Company with a presence in Bermuda, Ireland, Belgium, Luxembourg, the Netherlands, the Isle of Man 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 Fiona Davies at info@monumentregroup.com.
CONTACTS
Monument Re
Crown House
4 Par-la-Ville Road
Hamilton HM08
Bermuda
+1 441 400 9300
Monument Life Insurance DAC
Two Park Place,
Upper Hatch Street,
Dublin 2
Ireland
Monument Assurance Belgium S.A.
Boulevard du Roi Albert II 19 - 1210 Brussels – Belgium
+32 (0) 78 050 006 | +32 (0) 4 232 44 11
Monument Assurance Luxembourg S.A.
Atrium Business Park
29, rue du Puits Romain
L- 8070 Bertrange
Luxembourg
+352-264 98 1
Monument International Life Assurance Company Limited
St George’s Court
Upper Church Street
Douglas
Isle of Man IM1 1EE
+44 1624 683 683
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