M&A Deal Summary

Monument Re Acquires Nordben Life and Pension Insurance

On December 21, 2018, Monument Re acquired insurance company Nordben Life and Pension Insurance from Storebrand Bank ASA

Acquisition Highlights
  • This is Monument Re’s 6th transaction in the Insurance sector.
  • This is Monument Re’s 1st transaction in Channel Islands.

M&A Deal Summary

Date 2018-12-21
Target Nordben Life and Pension Insurance
Sector Insurance
Buyer(s) Monument Re
Sellers(s) Storebrand Bank ASA
Deal Type Divestiture

Target

Nordben Life and Pension Insurance

Guernsey, Channel Islands
website
Nordben Life and Pension Insurance Co. Ltd. is a Guernsey-based company, is licensed to carry out long-term and general insurance business, including domestic business.

Search 191,543 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 6 of 14
Sector (Insurance) 6 of 13
Type (Divestiture) 6 of 13
Country (Channel Islands) 1 of 1
Year (2018) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-08 Alpha Insurance S.A. - Life & Credit Life Business

Brussels, Belgium

Alpha Insurance S.A. - the portfolio of traditional life and credit life business operates as a closed book consolidator of life portfolios in Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-27 Inora Life DAC

Dublin 1, Ireland

Inora Life DAC is a life insurer domiciled in Ireland which provides a high level of customer service to all policyholders.

Buy -

Seller(S) 1

SELLER

Storebrand Bank ASA

Lysaker, Norway

website


Category Company
Founded 1996
Sector Financial Services
DESCRIPTION

Storebrand Bank ASA is a provider of commercial banking products and services.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (Channel Islands) 1 of 1
Year (2018) 1 of 1