Catalina Insurance Ireland is now owned by RiverStone International.
“We are very pleased to welcome the Irish team to RiverStone International,” group chief executive Luke Tanzer said in an emailed release.
“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.”
RiverStone International – a legacy acquirer operating in the UK company and Lloyd’s markets, Bermuda, and Europe – completed the transaction with the Catalina Group earlier this month.
In its announcement, RiverStone International noted: “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.”
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