M&A Deal Summary

Monument Re Acquires AMELL

On February 21, 2022, Monument Re acquired insurance company AMELL from Covéa

Acquisition Highlights
  • This is Monument Re’s 12th transaction in the Insurance sector.
  • This is Monument Re’s 2nd transaction in Luxembourg.

M&A Deal Summary

Date 2022-02-21
Target AMELL
Sector Insurance
Buyer(s) Monument Re
Sellers(s) Covéa
Deal Type Divestiture

Target

AMELL

Bertrange, Luxembourg
website
AMELL is a well-established Luxembourg-based life insurance company with a market presence in Luxembourg and Belgium.

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Buyer(S) 1

Buyer

Monument Re

Hamilton, Bermuda

website


Category Company
Founded 2016
Sector Insurance
DESCRIPTION

Monument Re Ltd. is a provider of insurance services. Monument was founded in 2016 and is based in Hamilton, Bermuda.


DEAL STATS #
Overall 13 of 14
Sector (Insurance) 12 of 13
Type (Divestiture) 12 of 13
Country (Luxembourg) 2 of 2
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-25 LCL International Life Assurance

United Kingdom

LCL International Life Assurance Co. Ltd. is a provider of professional services and technology solutions dedicated to enabling the global insurance market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Zurich Insurance - Singapore Life Insurance Business

Singapore , Singapore

Zurich International Life Limited’s Singapore long-term life insurance business provides a wide range of insurance offerings for commercial and corporate clients under its general insurance entity.

Buy -

Seller(S) 1

SELLER

Covéa

Paris, France

website


Category Company
Founded 1819
Sector Insurance
DESCRIPTION

Covéa is a purposeful mutual insurance group serving 11.6 million members every day. Covéa is a group that is the French property and casualty market leader, with three strong brands: MAAF, MMA, and GMF. Covéa was established in 1819 and is based in Paris, France.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (Luxembourg) 1 of 1
Year (2022) 1 of 1