Legacy solutions provider Riverstone International has agreed to acquire Catalina Insurance Ireland, an Irish insurance company regulated by the Central Bank of Ireland. The carrier has two main portfolios - a UK motor book and a German med-mal book.

Luke Tanzer, chief executive officer of RiverStone International, said: “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.”

The deal is subject to regulatory approval.

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