Optimum Re Insurance Company Acquires a Reinsurance Portfolio from Munich American Reassurance Company

Optimum Re Insurance Company Acquires a Reinsurance Portfolio from Munich 
American Reassurance Company 
NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Optimum Re Insurance Company 
JULY 30, 2014 
Optimum Re Insurance Company Acquires a Reinsurance Portfolio from Munich
American Reassurance Company 
DALLAS, TEXAS--(Marketwired - July 30, 2014) - Optimum Re Insurance Company is
pleased to announce the conclusion of an agreement with Munich American
Reassurance Company to acquire a reinsurance portfolio of 115 client insurers.
This transaction, involving 270 treaties and close to 55,000 reinsurance
cessions, will contribute to Optimum Re Insurance Company's development
and strengthen its position in the traditional small to mid-size American
insurance companies market. The transaction was effective as of July 1st, 2014. 
"This development is in line with the strategy we have established for our
company over the past few years, which involves the ongoing expansion of our
business by acquiring reinsurance portfolios in the United States" said
Sebastien Blondeau, President and Chief Operating Officer at Optimum Re
Insurance Company.  
"Since July 1st, our team has been contacting the new clientele to provide
information about this acquisition. Our aim is to provide the best possible
service to our clients, who can count on our competency and determination to
meet the highest standards" added Mr. Blondeau. 
About Optimum Re Insurance Company 
Member of the Optimum Group, Optimum Re Insurance Company has been active for
over 25 years in the individual life reinsurance industry in the United States.
The company has shown significant growth over the last few years while
maintaining a healthy financial position and has earned a top-ranking
reputation for its excellence in client service. 
About Optimum Group Inc. 
Founded in 1969 by actuaries, Optimum Group is a private international
financial group active in life insurance, property and casualty insurance, life
reinsurance, actuarial consulting and asset management. Optimum Group, which
has reached $6.7 Billion of assets under management operates mainly in Canada,
the US and France. More than 500 employees worldwide contribute to its success. 
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FOR FURTHER INFORMATION PLEASE CONTACT: 
Source:
Anne-Marie Morrison
Director of communications
Optimum Group Inc.
514 288-2010
or
Information:
Sebastien Blondeau
President and Chief Operating Officer
Optimum Re Insurance Company
214 528-2020 
INDUSTRY:  Financial Services - Insurance, Financial Services - Investment
Opinion, Financial Services - Investment Services and Trading, Professional
Services - Consulting, Professional Services - Other Professional Services 
SUBJECT:  ECO 
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-0- Jul/30/2014 15:20 GMT
 
 
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