RiverStone Worldwide, the London-based supplier of legacy options, introduced it has signed an settlement with the French department of Zurich Insurance coverage Europe and Zurich Insurance coverage Co. to supply a loss portfolio switch reinsurance (LPT) and an insurance coverage enterprise switch regarding the French discontinued motor and designers & engineers (A&E) skilled indemnity portfolios.
These transactions are a major milestone for reinforcing RiverStone Worldwide’s European footprint with RiverStone Worldwide Eire assuming full accountability for the portfolios (after receiving the required regulatory approvals) and using its international construction with RiverStone Worldwide Bermuda offering the LPT.
“It was a delight to work with the Zurich crew once more in deepening the connection between our respective organisations,” commented David Rocke, group head of M&A and managing director of RiverStone Worldwide Bermuda.
Brian Myles, CEO of RiverStone Worldwide Eire, mentioned: “We’re delighted to have labored with Zurich on these transactions and sit up for totally integrating the portfolios throughout 2025, while persevering with to supply the best degree of service to Zurich’s insureds.”
Supply: RiverStone
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