Sixth Street agreed on 29 June to acquire a majority stake in Monument Re, a Bermuda-based life insurance and reinsurance group that acquires and manages in-force life portfolios across Europe.
Why Sixth Street is buying Monument Re (majority stake)
Sixth Street's head of insurance Rohan Singhal said the firm wants Monument to fulfil its potential as a leading consolidator in its core markets. The capital will support Monument's long-term growth plan.
“We look forward to fulfilling Monument's potential as a leading consolidator in its core markets,”
Deal terms and financing
Financial terms were not disclosed. Monument will receive fresh capital and remain a standalone company, separate from Sixth Street's other holdings.
Regulatory approvals and timing
Closing is expected by the end of 2026, subject to regulatory approvals and customary conditions.
Market context
Monument also provides risk transfer and reinsurance solutions in several jurisdictions. Hannover Re, an existing shareholder, will continue as a reinsurance partner.
