M&A Deal Summary

Monument Re Acquires MetLife Europe d.a.c. - Traditional Business

On April 2, 2019, Monument Re acquired insurance company MetLife Europe d.a.c. - Traditional Business from MetLife Europe d.a.c.

Acquisition Highlights
  • This is Monument Re’s 8th transaction in the Insurance sector.
  • This is Monument Re’s 3rd transaction in Ireland.

M&A Deal Summary

Date 2019-04-02
Target MetLife Europe d.a.c. - Traditional Business
Sector Insurance
Buyer(s) Monument Re
Sellers(s) MetLife Europe d.a.c.
Deal Type Divestiture

Target

MetLife Europe d.a.c. - Traditional Business

Dublin, Ireland
MetLife Europe d.a.c. - Traditional Business provides life insurance products as well as certain non-life insurance activities.

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Buyer(S) 1

Buyer

Monument Re

Hamilton, Bermuda

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 8 of 14
Sector: Insurance M&A 8 of 13
Type: Divestiture M&A Deals 8 of 13
Country: Ireland M&A 3 of 4
Year: 2019 M&A 2 of 4
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-10 Cattolica Life DAC

Dublin, Ireland

Cattolica Life DAC is a life insurance company focused on providing offshore investment opportunities to clients. Cattolica Life was formed in 1998 and is based in Dublin, Ireland.

Buy -

Seller(S) 1

SELLER

MetLife Europe d.a.c.

Dublin, Ireland

Category Company
Sector Insurance
DESCRIPTION

MetLife Europe d.a.c. is an Irish incorporated entity domiciled in Ireland and is authorised by the Central Bank of Ireland (CBI) to transact life assurance business in Life Classes I, III, IV and VI and Non Life Classes 1 and 2 under the European Union (Insurance and Reinsurance) Regulations 2015 (S.I. No. 485 of 2015).


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Ireland M&A 1 of 1
Year: 2019 M&A 1 of 1