Monument Re transfers €1.4bn Greycastle portfolio to RGA

Written by Adam Cadle

12/05/2025

Monument Re has transferred a legacy €1.4bn reinsurance portfolio, comprising annuity and other life insurance liabilities acquired as part of the 2020 Greycastle transaction, to RGA.

This transaction releases capital resources that Monument Re will redirect to its core strategy of consolidation in European life insurance markets.

Monument Re has taken significant steps in recent months to strengthen its business operations by consolidating its European group support functions in Dublin and by aligning with the recently strengthened regulatory regime in Bermuda.

Speaking about the transfer of the portfolio to RGA, Monument Re Group CEO, Carlo Elsinghorst, said: “RGA has a stellar track record in the industry and is ideally placed to take on this business. We have enjoyed working with the RGA team over the last few months and built a solid relationship based on mutual trust and respect and a shared appreciation of our respective strengths. We are now focused on ensuring a smooth transition process for the benefit of policyholders.”

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