RiverStone International Announces Loss Portfolio Transfer Deal with Zurich

London, December 23, 2024

RiverStone International today announced that it has signed an agreement with the French branch of Zurich Insurance Europe AG and Zurich Insurance Company Ltd to provide a Loss Portfolio Transfer reinsurance (“LPT”) and an Insurance Business Transfer relating to the French discontinued Motor and Architects & Engineers (“A&E”) Professional Indemnity portfolios.

These transactions are a key milestone for reinforcing RiverStone International’s European footprint with RiverStone International Ireland DAC assuming full responsibility for the portfolios (after receiving the necessary regulatory approvals) and utilising our global structure with RiverStone International Bermuda Limited providing the LPT.

David Rocke, group head of M&A and managing director of RiverStone International Bermuda Limited, commented: “It was a delight to work with the Zurich team again in deepening the connection between our respective organisations”.

Brian Myles, CEO of RiverStone International Ireland said: ‘We are delighted to have worked with Zurich on these transactions and look forward to fully integrating the portfolios during 2025, whilst continuing to provide the highest level of service to Zurich’s insureds”.

RiverStone International media contacts:

Damian Beeley
Tel: +44 (0)7950 481795
Damian.Beeley@haggie.co.uk