Monument Re completes LCL International Life Assurance acquisition – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password
BERMUDA | RSS PODCAST

Monument Re completes LCL International Life Assurance acquisition

Bermudian-based re/insurance outfit Monument Re has completed the acquisition of the Charles Taylor Group’s Isle of Man life and investment operations.

Completion comes following receipt of regulatory approval from the Isle of Man Financial Services Authority and non-objection from the Bermuda Monetary Authority.

Monument Re, a Bermuda Class E long-term insurer, said that LCL International Life Assurance Company Ltd has been renamed Monument International Life Assurance Company Ltd and is the core life insurance entity in the Isle of Man.

The Charles Taylor Group provides insurance services, claims and technology solutions to all parties within the global insurance market.

The organisation 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.

Monument Re Ltd 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 is subject to group supervision by the BMA.

Monument Re: has acquired the Charles Taylor Group’s Isle of Man life and investment operations

You must be registered or signed-in to post comment or to vote.

Published February 17, 2021 at 8:00 am (Updated February 16, 2021 at 4:38 pm)

Monument Re completes LCL International Life Assurance acquisition

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon