Breaking News
Monument Re Completes Acquisition of Portfolio from Zurich International Life
Monument Re announced today that its Isle of Man subsidiary Monument International Life Assurance Company Limited has completed the acquisition of the closed book portfolio of Zurich International Life Limited’s Singapore long-term life insurance business. The Zurich ILL Singapore branch portfolio and employees have transferred into the Singapore branch of Monument International Life Assurance Company following receipt of court and regulatory approvals in the Isle of Man and Singapore.
Monument International Life Assurance Company Limited is an Isle of Man insurance company regulated by the Isle of Man Financial Services Authority and wholly owned by Monument Re Limited. Through its branch in Singapore, MILAC is authorised to conduct life insurance and continue seeking growth through acquisition.
Monument Re Limited is a life insurance reinsurer and insurance holding company with a proven track record in acquiring capital-intensive European portfolios. Monument Re is present in Bermuda which, like Switzerland, is a fully Solvency II equivalent jurisdiction. The Monument Re Group operates through its subsidiaries in Belgium, Ireland, Isle of Man, Guernsey, and Luxembourg, with branches in Spain, Italy, and Germany. Each entity is subject to local regulation and Monument Re is subject to Group Supervision by the Bermuda Monetary Authority.
Zurich International Life Limited provides life assurance, investment and protection products and is part of the Zurich Insurance Group. Zurich International Life Limited is fully authorised under the Isle of Man Insurance Act 2008 and is regulated by the Isle of Man Financial Services Authority.
Companies In This Post
- How Banks Can Accelerate the Home Energy Transition Through Green Mortgages Read more
- AI in Finance 2025: Showcasing How to Implement Next-Generation AI for Impact Read more
- Fintech Startup Chest Set to Launch New Pension App That Turns Savings From Everyday Spending Into Future Retirement Funds Read more
- Thunes Expands Real-Time Cross-Border Payments to Saudi Arabia Read more
- Dotfile Launches Autonomy: Self-Decisioning AI Agent for KYB Compliance Read more
Consumers Under 40 Are Skipping Life Insurance as They Delay Traditional Triggers Such as Marriage and Parenthood
The World Life Insurance Report 2026, conducted jointly by the Capgemini Research Institute and LIMRA, shows that even though 68% of adults under the age of 40 see life insurance as essential for a healthy financial future, current offerings do not align with their financial priorities, hindering adoption.
50% of UK Women Still Uninsured: The Gender Gap in Life Cover
Despite juggling care roles and household duties, many UK women remain without life insurance, leaving dependants vulnerable. Recent research from Capital for Life and Post Office Life revealed that while 53% of adults say they have a life insurance policy, gender differences persist: 56% of men have coverage compared to 51% of women. That 5-point gap signals a deeper issue in financial protection.
Large Loss Claims Account for 88% of All Its Global Cyber Losses, Says AXA XL Study, Revealing Key Trends and Insights
According to an AXA XL claims analysis, 88% of all incurred losses from its cyber claims over the last decade arise from claims that surpass $1 million, suggesting that a relatively small number of large claims are responsible for the majority of cyber losses.
Socotra Launches MCP Server, Enabling Fast and Secure Integrations with Agentic AI
Socotra today released its MCP Server, the most mature MCP server in the insurance industry
RedClick Strengthens EIS Partnership to Deliver Simpler, Smarter Insurance
RedClick, the commercial brand of the Generali Group in the Irish property and casualty insurance market, today announces the continuation of its partnership with EIS and the evolution of its use of EIS OneSuiteTM. This latest phase of the collaboration will support RedClick’s commitment to delivering simple, more connected insurance experiences for customers and partners alike.
American Public Life (APL) Selects Neutrinos to Power Core Modernization Across Group Benefits Business
Neutrinos, a leader in AI-powered intelligent automation for insurers, today announced its selection by American Public Life Insurance Company (APL) to support a transformation of its group benefits business.
RedClick Strengthens EIS Partnership to Deliver Simpler, Smarter Insurance
RedClick, the commercial brand of the Generali Group in the Irish property and casualty insurance market, today announces the continuation of its partnership with EIS and the evolution of its use of EIS OneSuiteTM. This latest phase of the collaboration will support RedClick’s commitment to delivering simple, more connected insurance experiences for customers and partners alike.
How Banks Can Accelerate the Home Energy Transition Through Green Mortgages
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
AI in Finance 2025: Showcasing How to Implement Next-Generation AI for Impact
AI in Finance 2025, will take place at the iconic Kimpton Fitzroy London on Wednesday 26th November, and will provide a roadmap for 150+ senior technology leaders from financial services to move beyond the well-established use cases and implement next-generation AI at scale.
Fintech Startup Chest Set to Launch New Pension App That Turns Savings From Everyday Spending Into Future Retirement Funds
Chest is inviting young people to join its 1200-strong community lining up to be amongst the first to open a Chest pension
Thunes Expands Real-Time Cross-Border Payments to Saudi Arabia
Thunes has announced the rollout of real-time cross-border payments into Saudi Arabia
Dotfile Launches Autonomy: Self-Decisioning AI Agent for KYB Compliance
Dotfile announced Dotfile Autonomy, the industry‑first fully autonomous AI platform for Know Your Business (KYB) case review
Sis ID Expands Its Anti-Fraud Solution With Coverage Across 211 Countries
Sis ID is pressing ahead with international expansion by extending its coverage to more than 200 countries worldwide
Azentio Reimagines Speed and Personalization for Retail, Small and Medium Enterprises (SME), and Corporate Lenders With Its Next-Gen Loan Origination Offering
Azentio has launched Loan Origination, its next-generation product that redefines how FIs scale credit ops across retail, SME, and corporate