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Monument completes takeover of Dutch insurer

Monument Re: takeover deal for Dutch insurer completed

Bermuda-based reinsurer Monument Re has announced the completion of its acquisition of Dutch insurer Robein Leven NV from Amerborgh Financial Services BV.

The deal, which was first announced in July last year, was closed after receipt of regulatory approval by the De Nederlandsche Bank.

Monument Re, a Bermuda Class E long-term insurer, previously stated that the acquisition would establish its long-term presence in the Netherlands.

The company has a presence in Bermuda, Ireland, Belgium and Luxembourg.

“We are pleased to announce the regulatory approval from the De Nederlandsche Bank and the completion of our acquisition of Robein in the Netherlands,” said Manfred Maske, CEO of Monument Re Group. “We look forward to further growth and opportunity with this platform.”

Monument Re’s major shareholders include Bermudian-based Enstar Group and German reinsurance giant Hannover Re.