RiverStone International, a leading legacy solutions provider in the Lloyd’s market, has finalised its acquisition of Catalina Insurance Ireland, a prominent Irish insurance company regulated by the Central Bank of Ireland.
Following the announcement of the acquisition in September 2023, RiverStone secured regulatory approval in January 2024, officially closing the deal on February 2nd.
Catalina Insurance Ireland manages two significant portfolios: a German med-mal book and a UK motor portfolio, with a combined reserve totaling approximately $350 million.
Luke Tanzer, group chief executive officer of RiverStone International, commented, saying: “We are very pleased to welcome the Irish team to RiverStone International.
He added: “This acquisition demonstrates our commitment to delivering on our geographical expansion strategy, and in particular our objective to continue to grow our capabilities within the European market.”
Author: Joanna England