BUILD-IN PAGE COMPOSER
Monceau Assurances (France) acquires
Vitis Life (Luxembourg)
In another instance of the on-going consolidation of the life insurance sector in Europe and of European banks selling their insurance subsidiaries, Monceau Assurances, a French composite insurer, announced the acquisition of Vitis Life Luxembourg from KBL European Private Bankers on July 7, 2015. KBL is owned by Precision Capital, based in Qatar. Vitis Life specializes in life insurance for high net-worth individuals (HNWI) and sells mostly unit-linked products