Monument Re Completes Acquisition Of Variable Annuity Portfolio From Athora Ireland Plc
Jan 04, 2022•almost 4 years ago
Acquiring Company
Monument Re and Monument Life Insurance
Acquired Company
Annuity Portfolio
Description
Monument Re announced today that its Irish subsidiary Monument Life Insurance DAC has completed the acquisition of a closed-block portfolio of variable annuities from Athora Ireland plc, a wholly-owned subsidiary of Athora Holding Ltd. The portfolio has been in run-off since 2017. Financial terms of the transaction were not disclosed.
M&A Insights
Based on deal dataIntegration timeline
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Tech stack consolidation
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Post-acquisition investment
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