RiverStone, the insurance run-off management firm owned by Fairfax, has announced the acquisition of Rockville Risk Management and ER Quinn Company.
Rockville is a New York-based, privately-owned third-party administrator and loss adjusting company that provides claim services to insurers and reinsurers.
Following the acquisition, Rockville will continue to operate as an independent subsidiary of RiverStone.
“Rockville is well-respected in the insurance industry as a trusted partner with a track record of more than thirty years of success,” said Nick Bentley, President and Chief Executive Officer (CEO) of RiverStone.
“This acquisition is a natural addition to RiverStone’s offerings and will accelerate our growth in the insurance services market. We look forward to welcoming the Rockville team,” he added.
Edward R Quinn, Jr, President and CEO of Rockville Quinn Management, also commented: “Becoming part of RiverStone and the Fairfax family will enable us to continue to grow and strengthen our position as a leading insurance service provider in the US and across Europe.”