Omega Life Designated Activity Company (“Omega Life”), is incorporated and regulated by the Central Bank of Ireland and is authorised to carry out Class III life assurance business. Omega Life has been closed to all new business since 28 July 2017. From this date, Omega Life has been committed to delivering the efficient administration of its existing policies, written on a cross-border basis to the Italian market.
Omega Life is owned by Monument Re Limited (“Monument Re”), a Class E reinsurer and Holding Company subject to Group Supervision by the Bermuda Monetary Authority. Monument Re is a Bermuda based reinsurer established to operate as an asset intensive reinsurer and acquirer principally in Europe.
The Monument Re group of companies has an established presence in Bermuda, Ireland, Belgium, Luxembourg, the Netherlands and Guernsey.