Part VII Transfer of Japanese Reinsurance Portfolios to RiverStone

Haggie Partners
February 26, 2020
in RiverStone

Part VII Transfer of Japanese Reinsurance Portfolios to RiverStone https://www.haggiepartners.com/wp-content/themes/fildisi/images/empty/thumbnail.jpg 150 150 Haggie Partners Haggie Partners https://secure.gravatar.com/avatar/3d446533095b26c56aecfc8c6d721b21?s=96&d=mm&r=g February 26, 2020 February 26, 2020

RiverStone is pleased to announce that, with effect from 31 January 2020, a portfolio of reinsurance business has been transferred from the UK branch of Aioi Nissay Dowa Insurance Company, Ltd (“ADI”) to RiverStone Insurance (UK) Limited under Part VII of the Financial Services and Markets Act 2000.

This transfer provides ADI with legal and economic finality in respect of the transferred portfolio and enables ADI to focus its resources on its core business.