RiverStone International has signed an agreement with the French branch of Zurich to provide a loss portfolio transfer reinsurance (LPT) and an insurance business transfer. The deal covers Zurich’s French discontinued motor and architects & engineers (A&E) professional indemnity portfolios. These transactions aim to reinforce RiverStone International’s European footprint, with its Ireland office assuming full responsibility for the portfolios and its Bermuda branch providing the LPT. David Rocke, group head of M&A and managing director of RiverStone International Bermuda, says: “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, adds: ”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.”
