Reinsurance News
RiverStone
RiverStone positioned to pursue new acquisitions after strong 2025 results
15th April 2026
RiverStone International delivered record investment income and maintained strong capital levels in 2025, positioning the group to pursue new acquisition opportunities in 2026. RiverStone's total profit before tax rose to $295 million in 2025 from $287 million in 2024, supported by record investment income of $275 million. RiverStone said its investment portfolio ... Read the full article
Reinsurance News Bermuda Legacy Market Roundtable 2025
8th December 2025
In November, we hosted a legacy re/insurance market roundtable, in partnership with RiverStone International, in Hamilton, Bermuda, which saw nine experts and leaders from across the run-off world debate current market dynamics, challenges, and opportunities for the future. The 2025 Reinsurance News Bermuda Legacy Market Roundtable report, in ... Read the full article
Bermuda Legacy Roundtable: A more mature, structured market sets the stage for new opportunities
20th November 2025
The global legacy market continues to evolve and respond well to varying seller motivations, and with the live market entering a softer phase and M&A activity increasing, industry experts expect new opportunities for the space. On November 6th, supported by global legacy player RiverStone International, we hosted our Bermuda Legacy Market ... Read the full article
Riverstone appoints Enstar’s Brockman as Group CEO, to succeed Tanzer
9th July 2025
Paul Brockman has been appointed as the new group chief executive officer of RiverStone International Holdings, succeeding Luke Tanzer who will be retiring later this year. Additionally, the company also announced the appointment of Andrew Creed as group president, in addition to his responsibilities as group chief financial officer. In a statement ... Read the full article
I’m very positive on where the legacy market is and where it’s going: RiverStone International Group CFO
19th May 2025
After a “fantastic” 2024 underpinned by a progressive global buildout and impressive year-on-year growth across all key metrics, Andy Creed, Group Chief Financial Officer (CFO) and UK CEO of legacy acquirer RiverStone International, is “very positive” on where the run-off market is going. Last week, at the annual IRLA conference in ... Read the full article
IRLA Congress: Legacy market shifts to proactive capital management and risk solutions
12th May 2025
The legacy and reinsurance market, once viewed as a niche or reactive segment of the insurance sector, has now become a central component of capital management strategies and long-term planning. That was the consistent theme emerging from this year’s IRLA Congress & Business Seminar, where industry leaders underscored the market’s growing ... Read the full article
David Soutter to lead RiverStone’s Risk Bermuda team
8th May 2025
David Soutter has joined legacy reinsurance and run-off specialist RiverStone International as Head of Risk, Bermuda. A re/insurance executive with experience in financial reporting, regulatory reporting, risk management and treasury related matters, Soutter joined RiverStone from Zurich Management (Bermuda), where he most recently served as Project Director. During this time, he led ... Read the full article
RiverStone secures loss portfolio transfer with Pacific Valley Insurance
20th March 2025
Legacy reinsurance and run-off specialist RiverStone International has announced a loss portfolio transfer (LPT) deal with Pacific Valley Insurance Company, a Lyft subsidiary. The LPT, covering a commercial auto liability (CAL) portfolio, will be effective January 1, 2025. Guy Carpenter served as the broker for the transaction. Nick Schulson, CEO of RiverStone ... Read the full article
RiverStone signs reinsurance to close contract with Asta
17th February 2025
RiverStone International has signed a reinsurance to close contract with Asta Managing Agency, under which the 2022 underwriting year of account of Hampden Risk Partners (HRP) Syndicate 2689 will close into Riverstone International Syndicate 3500. According to RiverStone, a leading acquirer of legacy business in the Lloyd’s market, the net technical ... Read the full article
RiverStone & Zurich sign loss portfolio transfer deal
23rd December 2024
RiverStone International has entered into an agreement with the French division of Zurich Insurance Europe and Zurich Insurance Company to deliver a loss portfolio transfer reinsurance (LPT) and facilitate an insurance business transfer involving the French discontinued motor and architects & engineers (A&E) professional indemnity portfolios. According to RiverStone, these transactions ... Read the full article
DARAG concludes sale of North American and Bermuda operations to RiverStone Group
20th December 2024
DARAG Group, a legacy acquirer specialising in the European market, has officially completed the transfer of its North American and Bermuda operations to RiverStone Group, after obtaining the necessary regulatory approval. This transaction, originally announced earlier this year, is expected to streamline DARAG's operations and enable the company ... Read the full article
RiverStone appoints Nicola Gaisford as Head of M&A, UK & Europe
5th November 2024
RiverStone International, a provider of legacy solutions, has announced the appointment of Nicola Gaisford as Head of M&A - UK & Europe. Gaisford has been with RiverStone since July 2023, joining as Associate Director of M&A Strategy and Business Development. Before that, she spent six years at Randall & Quilter Investment Holdings, ... Read the full article
Enstar finalises $376m loss portfolio transfer agreement with QBE
1st November 2024
Enstar Group Limited, a company specialising in managing runoff insurance and reinsurance portfolios, recently confirmed that one of its wholly-owned subsidiaries has finalised a previously announced loss portfolio transfer agreement with subsidiaries of QBE Insurance Group Limited. Through this agreement, Enstar reinsures a portfolio of US commercial liability and workers’ compensation ... Read the full article
RiverStone closes Loss Portfolio Transfer deal with QBE
1st November 2024
RiverStone International has completed a loss portfolio transfer reinsurance (LPT) with QBE after receiving all requisite approvals. Earlier in the year RiverStone had announced its agreement with QBE to provide a LPT for various QBE subsidiaries, including their Lloyd’s syndicates. According to the announcement, the LPT is effective July 1, 2024 ... Read the full article
QBE de-risks exposure to reserves via $1.6bn transaction with RiverStone & Enstar
9th August 2024
Australian insurer QBE has entered into a reserve transaction with RiverStone International and Enstar, that will de‑risk its exposure to reserves totalling approximately $1.6 billion, effective July 1st, 2024. The transactions are expected to close during Q2 2024, subject to regulatory approvals, and include all North America middle-market reserves up to ... Read the full article
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