UK hybrid insurance company Bridgehaven has announced the completion of its acquisition of SureStone Insurance DAC, subject to receipt of all necessary regulatory approvals.
The acquisition is an important step in Bridgehaven’s European growth strategy and the hybrid insurer expects the acquisition to be key to strengthening its growing network of MGA partners across the EU.
Dublin-based SureStone will leverage its existing P&C license and develop additional specialist risk categories to write commercial and specialist product lines.
The existing SureStone management team will be strengthened with additional resources and expertise. This will help facilitate a smooth transition for the company to become the European arm of Bridgehaven, extending the company’s business model to local markets in Ireland and across the continent.
Bridgehaven’s expansion into Europe reinforces its strategy to build a more cohesive and connected insurance ecosystem, aiming to foster mutually beneficial long-term partnerships by bridging the gap between MGAs and reinsurers.
Bridgehaven CEO Paul Jewell commented: “Completing this acquisition is an important step in building a truly pan-European platform for our MGA partners. SureStone’s transformation enables us to offer Bridgehaven’s unique hybrid model across much of the EU, linking MGAs with high-quality reinsurance capabilities while ensuring underwriting discipline and long-term value creation.”
“This acquisition will unlock a new phase of growth. It will create opportunity, confidence and capabilities for MGAs that require innovative and robust EU solutions.”
