Bridgehaven Europe Holdings Limited has confirmed receipt of all the requisite regulatory approvals to formally complete its acquisition of SureStone Insurance DAC, which was announced earlier this year.

Bridgehaven said the acquisition of Dublin-based SureStone gave it a base from which to expand its European operations and better support its growing network of managing general agents in the European Union.

Bridgehaven said SureStone would write commercial and specialty lines via its existing P&C licences as well as developing additional specialty risk classes.

Paul Jewell, CEO of Bridgehaven, said: “Completing this acquisition is an important step in building a truly pan-European platform for our MGA partners.

“SureStone’s transformation allows us to deliver Bridgehaven’s unique hybrid model across much of the EU, linking MGAs to quality reinsurance capacity, whilst ensuring underwriting discipline and long-term value creation.”