Bermuda based re/insurer Monument Re has completed the acquisition of Aspecta following receipt of regulatory approval by the Commissariat aux Assurances [CAA], with Aspecta no renamed as Monument Assurance Luxembourg.
Manfred Maske, CEO of Monument Re Group, said: “We are pleased to announce the regulatory approval from the Commissariat aux Assurances and the completion of our acquisition of Aspecta in Luxembourg. With this platform for consolidation of run-off portfolios or entities established in Luxembourg, we look forward to further growth.”
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