Bridgehaven Europe Holdings Limited (Bridgehaven), the UK’s leading risk-taking hybrid insurer in Commercial and Specialty lines, today confirmed the completion of its acquisition of SureStone Insurance DAC (SureStone), following receipt of all required regulatory approvals.
The acquisition marks a significant milestone in Bridgehaven’s European expansion, which the hybrid insurer expects will play an integral part in supporting its growing network of MGA partners across the EU.
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 bolstered with added resource and expertise, ensuring a smooth transition to become Bridgehaven’s European arm, delivering the firm’s business model to local markets in Ireland and across Continental Europe.
Bridgehaven’s expansion into Europe reinforces its strategy of creating a more cohesive and connected insurance ecosystem, bridging the gap between MGAs and reinsurers to build mutually beneficial long-term partnerships.
Our 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 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.”