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

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.