insured

risks that can be reinsured to Monument Re, whilst retaining a proportion of the risk. This helps to drive risk diversification and capital and liquidity synergies at the group level. The ownership structure of MAB and MIES is set out in the chart below

manage capital and liquidity, the Company makes use of intra-group reinsurance (“IGR”) to cede risks that can be reinsured to Monument Re, whilst retaining a proportion of the risk. This helps to drive risk diversification and capital and liquidity

support of Monument Re Group’s intention to efficiently manage capital and liquidity, the Company makes use of intra-group reinsurance (“IGR”) to cede risks that can be reinsured to Monument Re, whilst retaining a proportion of the risk. This helps to... policies as at 31 December 2023) (the “AXA portfolio”). In order to guarantee a smooth transition between the insurer companies, MAB and AXA Belgium NV concluded a transitional outsourcing agreement, in which AXA Belgium NV continued with the policy

-group reinsurance (“IGR”) to cede risks that can be reinsured to Monument Re, whilst retaining a proportion of the risk. This helps to drive risk diversification and capital and liquidity synergies at the group level. The IGR-Treaty was updated during... portfolio”). In order to guarantee a smooth transition between the insurer companies, MAB and AXA Belgium NV concluded a transitional outsourcing agreement, in which AXA Belgium NV continues with the policy administration of this book. The Company

growth in the Belgian market. In support of Monument Re Group’s intention to efficiently manage capital and liquidity, the Company makes use of intra-group reinsurance (“IGR”) to cede risks that can be reinsured to Monument Re, whilst retaining