RiverStone International, the largest provider of legacy solutions in the Lloyd’s market, has completed the acquisition of Catalina Insurance Ireland, an Irish insurance company regulated by the Central Bank of Ireland. The transaction received regulatory approval in January and closed on 2 February 2024.
Catalina Insurance Ireland has total reserves of approximately US$350 million emanating mainly from a German med-mal portfolio and a UK and Irish motor portfolio.
Luke Tanzer, group chief executive officer of RiverStone International, said: “We are very pleased to welcome the Irish team to RiverStone International. 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.”