Global investment firm Sixth Street has announced that investment vehicles it manages or advises have entered into definitive agreements to acquire a majority stake in life insurance and reinsurance holding company Monument Re.
The transaction is expected to close by the end of 2026, subject to regulatory approvals and other customary closing conditions.
Global reinsurer Hannover Re will remain a major shareholder and is committed to supporting Monument and Sixth Street’s business strategies.
Monument Re is a strategic partner to the European insurance market, specializing in acquiring and managing efficient life insurance portfolios while providing customized risk transfer and reinsurance solutions across multiple jurisdictions.
As part of the transaction, Monument Re will receive new capital and resources to further accelerate its strategic initiatives and strengthen its market position.
Following the transaction, Monument Re will continue to operate as an independent company and provide services to its policyholders.
Rohan Singhal, partner and head of insurance at Sixth Street, said: “We are delighted to partner with Monument and Hannover Re to expand our global insurance business.
“This investment reflects our strong belief in the European market and our approach to strategic collaboration as a model for success. We look forward to realizing Monument’s potential as a leading aggregator in core markets, while continuing to focus on the long-term security of our policyholders.”
Brona Magee, Hannover Re’s Executive Board Member responsible for Life & Health, added: “We welcome Sixth Street’s investment in Monument and view it as an important step in the company’s future growth and development. Hannover Re values its strong relationship with Monument and will continue to support the company as a reinsurance partner and shareholder.”
Carlo Elsinghorst, Group CEO of Monument Re, commented: “Monument is very excited about the support we have received from our shareholders at this critical time for the company. The combination of the market reach and deep expertise of Sixth Street and Hannover Re puts us in a strong position to continue our growth.”
For Sixth Street, Morgan Stanley International Inc. served as financial advisor, Oliver Wyman LLC served as actuarial advisor, KPMG LLP acted as financial and tax advisor, and Cleary Gottlieb Steen & Hamilton LLP and Debevoise & Plimpton LLP served as legal advisor.
Fenchurch Advisory Partners acted as financial advisor to Monument Re, and Hogan Lovells International LLP, Conyers Dill & Pearman (Bermuda) and Herbert Smith Freehills Kramer LLP acted as legal advisor.
