Bedell Cristin advises on the acquisition of Nordben Life
03 July 2019
Bedell Cristin has acted as counsel to Monument Re on its acquisition of Nordben Life and Pension Insurance from BenCo Insurance Holding, following receipt of regulatory approval from the Guernsey Financial Services Commission.
Monument Re Limited is a Bermuda based reinsurer established to operate as an asset intensive reinsurer and acquirer in Europe.
Bedell Cristin's Guernsey team, led by partner Richard Sharp and assisted by managing associate, Lee Osborne and legal assistant, Jennifer Mills, provided corporate and regulatory advice. The Bedell Cristin team worked alongside lead counsel for Monument Re, Travers Smith LLP.
On the involvement of Bedell Cristin, Richard Sharp commented: "Bedell Cristin is pleased to have assisted with this transaction.
Our depth of experience of insurance and regulatory issues enabled us to provide pragmatic commercial advice on the Guernsey aspects of this transaction. We have once again demonstrated why we are ranked as one of the top firms across the Channel Islands."