Deal Snapshot
Monument Re Closes Acquisition of GreyCastle Holdings
Thursday 28 May 2020

Bermuda-based reinsurer Monument Re has completed the acquisition of Bermuda-based GreyCastle Holdings Ltd. and its subsidiaries following receipt of regulatory approval from the Bermuda Monetary Authority, the company said.

The subsidiaries include GreyCastle Life Reinsurance Ltd. and GreyCastle Services Ltd. This deal was announced in late March. GreyCastle was founded in 2014 by a group of institutional investors to reinsure a block of XL Life Reinsurance life and annuity liabilities of approximately 4bn.

Date Published: 28/05/2020