Brit Insurance sold to Fairfax runoff unit RiverStone Resources

AMSTERDAM—Brit Insurance Holdings B.

V. has sold Brit Insurance Ltd. to Manchester, N.

H.-based RiverStone Resources L.

L.

C. for an undisclosed sum as part of a restructuring, Brit said Monday.

RiverStone is the runoff unit of Toronto-based Fairfax Financial Holdings Ltd.

Under terms of the deal, Brit Insurance Holdings will retain the liabilities and claims handling for certain business currently within London-based Brit Insurance Ltd. relating to the group’s ongoing core business now being written into Brit Holdings’ Lloyd’s of…

Fuente: Bussines Insurance