Northstar, which was founded in 2005, focuses on developing and offering both fixed and variable investment orientated insurance products for international high net worth clients.
At the end of March, Northstar had $500m in assets under management, according to the publication.
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Northstar president, Gary Dombowsky, said: "The deal "strengthened the company’s balance sheet, while adding considerable resource and expertise."
Eden Rock Group and its affiliates advise assets in excess of $1 billion from offices in London, Bermuda, Connecticut and Miami.
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