Announced
Completed
Financials
Tags
Domestic
Single Bidder
Acquisition
Private
Friendly
Majority
life insurance
Luxembourg
Life Insurance
Completed
Synopsis
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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