"First A" Portfolio (2018)

Acathia Capital arranged the acquisition of the life insurance run-off portfolio "First A" from the Belgian life insurance company Ethias S.A. by Monument Re. The "First A" portfolio mainly consists of traditional life insurance policies with guaranteed return for the customers. After the distribution of new "First A" policies had been discontinued in 2008, the portfolio has been in run-off and consists of about 4,000 insurance policies as of year-end 2017.
This transaction is already the second investment in the Belgian life insurance market arranged by Acathia Capital, after Benelux Life Run-Off SCS had completed the acquisition of ABN AMRO Life Capital Belgium N.V.

Investment details

  • Traditional life insurance portfolio in run-off including c. 4,000 policies

  • Asset deal - Portfolio transfer of the entire „First A“ portfolio

  • Second investment in Belgian life market

 

Seller

  • Ethias

 

Buyer

  • Monument Re

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