RiverStone Teams Up With Zurich on Indemnity Portfolios

The latest partnership agreement news from RiverStone;

RiverStone International has announced that it has signed an agreement with the French branch of Zurich Insurance Europe and Zurich Insurance Company 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 significant milestone for reinforcing RiverStone International’s European footprint with RiverStone International Ireland assuming full responsibility for the portfolios (after receiving the necessary regulatory approvals) and utilising its global structure with RiverStone International Bermuda providing the LPT.

David Rocke, group head of M&A and managing director of RiverStone International Bermuda, said: “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, added: ”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.”