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Announced

Completed

Monument Assurance Luxembourg completed the acquisition of AME Life Luxembourg from Covéa.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Single Bidder

Acquisition

Private

Friendly

Majority

life insurance

Luxembourg

Life Insurance

Completed

Synopsis

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Monument Assurance Luxembourg, a fully licensed Luxembourg Insurance company, completed the acquisition of AME Life Luxembourg, a life insurance company, from Covéa, a French mutual insurance group. Financial terms were not disclosed. “We are pleased to have reached agreement with Covéa to acquire its subsidiary AMELL. This transaction represents an important step in our consolidation strategy by further strengthening our presence in Luxembourg,” Manfred Maske, Monument Re CEO.

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