European consolidator Monument Re is reportedly considering its strategic options, including a possible sale of the reinsurer.
Citing people familiar with the matter, a Reuters report said Citigroup and Fenchurch Advisory have been tapped to explore the possibilities with Monument Re and its owners.
Based in British overseas territory Bermuda, the reinsurer posted a lower total comprehensive income after tax in 2022 – from 2021’s €152.9 million to €132.7 million last year.
According to the news agency, some of Monument Re’s major shareholders and chair Jonathan Yates declined to comment.
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