A Bermudian-based company has played a role in RiverStone International’s multifaceted deal with Zurich.

RiverStone International has signed an agreement with the French branch of Zurich Insurance Europe AG and Zurich Insurance Company Ltd to provide a loss portfolio transfer reinsurance and an insurance business transfer relating to the French discontinued Motor and Architects & Engineers Professional Indemnity portfolios.

The company said these transactions are a key milestone for reinforcing RiverStone International’s European footprint with RiverStone International Ireland DAC assuming full responsibility for the portfolios (after receiving the necessary regulatory approvals) and utilising its global structure with RiverStone International Bermuda Ltd providing the LPT.

David Rocke, group head of M&A and managing director of RiverStone International Bermuda Ltd, said: “It was a delight to work with the Zurich team again in deepening the connection between our respective organisations.”