Matheson advised Monument Re on its acquisition of a run-off portfolio of linked and traditional business from MetLife Europe DAC, initially through reinsurance to Monument Re followed, upon receipt of court approvals, by the transfer of the portfolio to Laguna Life DAC. The portfolio covers in excess of 9,000 policies, with assets of approximately €500 million. Transfer of the portfolio will follow satisfaction of customary closing conditions, including receipt of regulatory approvals.
Brian McCloskey, Corporate M&A Partner at Matheson said:
“We are very pleased to have completed another transaction for long standing client, Monument Re. This deal further illustrates our position as the law firm of choice for internationally focused companies doing business in and from Ireland, and our strong track record of advising on high profile transactions in the financial services space.”
With a wealth of experience across our five partner led offices worldwide and a dedicated 100 person Corporate Department, Matheson has some of the most experienced corporate lawyers in Ireland and were named Ireland M&A Legal Adviser of the Year at the 2017 Mergermarket European M&A Awards. Excellence matters and Matheson’s Corporate Department, led by 20 partners, has unparalleled experience in complex and innovative domestic and international corporate transactions across all industry sectors.