Monument Re mulls possible sale

Strategic options reportedly being explored

Monument Re mulls possible sale

Insurance News

By Terry Gangcuangco

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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