Riverstone signs LPT with Zurich

RiverStone International has agreed to provide loss portfolio transfer reinsurance and an insurance business transfer to the French branch of Zurich Insurance.

The amount of the transfer and the reinsurance issued, which related to French discontinued motor and architects & engineers (A&E) professional indemnity portfolios, was not disclosed.

The transfer  was made between Zurich and Zurich Insurance Europe with RiverStone International Ireland assuming full responsibility for the portfolios 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.”