RiverStone seals LPT deal with Zurich France group [Yahoo! Finance]
QBE INSURANCE GP S/ADR (QBIEY)
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Source: Yahoo! Finance
The agreement involves French discontinued motor, and architects and engineers professional indemnity portfolios. Upon securing regulatory clearances, RiverStone International Ireland DAC will assume full responsibility for the portfolios. This move is said to leverage the global structure of RiverStone, with RiverStone International Bermuda Limited providing the LPT. RiverStone International Bermuda Limited MD and M&A head David Rocke commented: “It was a delight to work with the Zurich team again in deepening the connection between our respective organisations.” RiverStone International Ireland CEO Brian Myles said: “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.” Last month, RiverStone concluded an LPT deal with QBE Insurance Group. This agreement sees RiverStone subsidiaries taking on subject reserves worth
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