Zurich legacy portfolios move under LPT arrangement<\/p>\n
In parallel with the establishment of its Australian platform, RiverStone International has entered a legacy portfolio transaction with Zurich Australian Insurance and Zurich Insurance Company (collectively, Zurich), transferring a range of discontinued Australian lines. The transaction relates primarily to Zurich\u2019s Australian legacy professional indemnity, general liability, and workers\u2019 compensation portfolios. It covers business in run-off for underwriting years 2023 and prior, with total net nominal reserves in excess of $400 million. Liabilities will initially be ceded via a loss portfolio transfer (LPT) reinsurance agreement to RiverStone International Bermuda, the group\u2019s Bermuda-based entity. The structure moves the identified run-off exposures from Zurich\u2019s balance sheet to a specialist legacy carrier, subject to regulatory approvals and contractual conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"Zurich legacy portfolios move under LPT arrangement In parallel with the establishment of its Australian platform, RiverStone International…\n","protected":false},"author":2,"featured_media":546227,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,270532,44,270530,270531],"class_list":["post-546226","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-mark-fleiser","tag-news","tag-riverstone-international","tag-riverstone-international-australia-pty-ltd"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/546226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=546226"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/546226\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/546227"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=546226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=546226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=546226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}