RiverStone International has completed the acquisition of Catalina Insurance Ireland, expanding the firm’s capabilities in Europe. Operating in the UK, Bermuda and Europe, RiverStone International is the largest provider of legacy solutions in the Lloyd’s market. Catalina Insurance Ireland is 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, which the company says are mainly from a German medical malpractice portfolio and a UK and Irish motor portfolio. Luke Tanzer, group CEO of RiverStone International, comments: “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."
