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.
RiverStone first announced the acquisition in September of 2023, receiving regulatory approval in January 2024 and officially closing the deal on the 2nd of February.
Catalina Insurance Ireland has two main portfolios, a German med-mal book and a UK motor portfolio, with total reserves of approximately $350 million.
Luke Tanzer, group chief executive officer of RiverStone International, commented, “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.”
