In a step aimed at reallocating capital toward future European transactions, Monument Re Ltd. has divested a €1.4 billion (US$1.5 billion) legacy life insurance portfolio to RGA Americas Reinsurance Company, Ltd., freeing up resources for targeted market activity.
The transaction, which closed on May 2, 2025, involves annuity and other life insurance liabilities originally acquired as part of Monument Re’s 2020 GreyCastle deal.
The portfolio transfer received approval from the boards of both companies, along with a non-objection from the Bermuda Monetary Authority.
