The deal completed earlier this month and sees Eden appoint two new directors to the board – Michael Staveley and Scott Wilkomm.
Northstar opened in 2005 and focuses on developing and offering both fixed and variable investment orientated insurance products for international high net worth clients. As at the end of March the company had $500m (£325m, €380m) in assets under management.
Northstar’s president Gary Dombowsky said the deal “strengthened the company’s balance sheet, while adding considerable resource and expertise”.
Purchaser Eden Rock has its headquarters in London but also has a number of international affiliates. The company provides access to a range of investment products which include lending strategies, fixed and variable annuities, alternative investments and distressed debt.
Eden Rock Group and its affiliates advise assets in excess of $1bn from offices in London, Bermuda, Connecticut and Miami.
