UK hybrid insurer Bridgehaven has announced the completion of its acquisition of SureStone Insurance DAC, following receipt of all required regulatory approvals.
Dublin based SureStone will write Commercial and Specialty lines by leveraging its existing P&C licences and developing additional Specialty risk classes.
The existing SureStone management team will be strengthened with added resources and expertise. This will help facilitate a smooth transition for the company to become Bridgehaven’s European arm, delivering the firm’s business model to local markets in Ireland and across Continental Europe.
Reinforcing its strategy to build a more cohesive and connected insurance ecosystem, Bridgehaven’s expansion into Europe aims to foster mutually beneficial, long-term partnerships by bridging the gap between MGAs and reinsurers.
Paul Jewell, CEO of Bridgehaven, commented: “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.”
“The acquisition will fire a new phase of growth. This is about creating opportunity, confidence and capability for MGAs that need an EU solution that is both entrepreneurial and robust.”
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