Divestiture • Insurance

Monument Re Acquires Nordben Life and Pension Insurance Co.

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

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

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M&A Deal Summary

Date December 21, 2018
Target Nordben Life and Pension Insurance Co.
Sector Insurance
Buyer(s) Monument Re
Sellers(s) Storebrand Bank ASA
Deal Type Divestiture

Target Company

Nordben Life and Pension Insurance Co.

Guernsey, Channel Islands
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.
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Buyer Overview 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 Context for Buyer #
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 Profile 1

SELLER

Storebrand Bank ASA

Lysaker, Norway

Category Company
Founded 1996
Sector Financial Services
DESCRIPTION

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


Deal Context for Seller #
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