Monument Re, a buyer of European life insurance portfolios, is exploring strategic options after reporting a drop in its capital ratios last year, people familiar with the matter told Reuters. Citigroup and Fenchurch Advisory are working with the company and its owners on the options, which include a possible sale, said the people, who declined to be named because the discussions are private. It has a fragmented ownership structure with several institutional and individual shareholders, including Enstar Group, Hannover Re and Caspar Berendsen, a partner at private equity house Cinven, one of the people said.
Read full NASCAR article on Yahoo Sports
Read all NASCAR articles