Global investment firm, Sixth Street, is to acquire a majority stake in Monument Re, and support the company’s long-term strategic growth plan.
Monument Re is a strategic partner to the European insurance market, offering execution focused capabilities to acquire and manage in force life insurance portfolios and deliver tailored risk transfer and reinsurance solutions across multiple jurisdictions.
This transaction will provide Monument with fresh capital and resources to accelerate its strategic initiatives and further strengthen its market position. Following closing, Monument Re will continue to operate as a standalone company and will continue to service its policyholders.
Hannover Re will continue as a key shareholder and remains committed to Monument Re and Sixth Street’s strategy for the business moving forward.
"We are excited to partner with Monument and Hannover Re as we expand our global insurance footprint," said Rohan Singhal, partner and head of insurance at Sixth Street.
"This investment reflects our deep conviction in the European market and our approach of partnering with strategics as a model for success. We look forward to fulfilling Monument Re’s potential as a leading consolidator in its core markets, while maintaining a focus on long-term security for policyholders."
