Monument Assurance Belgium completed the acquisition of a run-off block of retail life policies and annuities assets from Federale Verzekering.

Monument Assurance Belgium, a life insurance reinsurer and insurance, completed the acquisition of a run-off block of retail life policies and annuities assets from Federale Verzekering, an insurance company. Financial terms were not disclosed. "We are pleased to have completed this transaction with Federale as it represents a positive continuation of our consolidation strategy in Belgium,” Koen Depaemelaere, Monument Assurance Belgium CEO.