RiverStone International has acquired RiverStone International Australia PTY LTD, which will support the Group’s global legacy offerings in the Australian market. RiverStone International is also pleased to announce the appointment of Mark Fleiser as managing director of RiverStone International’s Australian operations.

Fleiser brings more than 20 years of senior experience in the Australian general insurance market, with additional New Zealand experience. He has held leadership roles across underwriting, portfolio management, governance, reinsurance and claims, and is recognised for building high-performing teams and managing specialty portfolios within strong regulatory and risk frameworks.

Concurrently, RiverStone International has also entered into a legacy portfolio transaction with Zurich, primarily covering Zurich’s Australian legacy professional indemnity, general liability and workers’ compensation portfolios.

The transaction covers policies in run-off for underwriting years 2023 and prior, with total net nominal reserves exceeding AUD 400 million. Liabilities will initially be transferred via a loss portfolio transfer (LPT) reinsurance to RiverStone’s Bermuda company (RiverStone International Bermuda).

Paul Brockman, group chief executive officer of RiverStone International, said:
“This is a major milestone for RiverStone International. Establishing a presence in Australia is a terrific step forward for the business, materially expanding our global footprint and reflecting the momentum we are building. It marks an important stage in our evolution as a truly global legacy and specialty insurer.”

Andy Creed, group president of RiverStone International, added:
“It is a pleasure to once again work with Zurich in supporting their strategic initiatives. The ongoing relationship we have built with Zurich is testament to the strength of RiverStone International’s operations and our commitment to building long-term partnerships with key clients. This transaction demonstrates RiverStone International’s ability to execute complex legacy solutions within a robust regulatory framework.”

Alex Morgan, head of general insurance, Zurich Australia & New Zealand, said: “Zurich is pleased to have worked with RiverStone on this transaction, which builds upon an existing relationship between the two organisations.

“Zurich’s Australian ongoing general insurance business holds a strong position in the market, with significant growth ambitions. This transaction represents a key moment as we seek to invest further in scaling and innovating our ongoing local business, whilst continuing to deliver the quality outcomes we are known for.”

RiverStone International media contacts:

Haggie Partners
Damian Beeley and Finlay Gardner
Tel: +44 (0)207 562 4444
damian.beeley@haggiepartners.com
finlay.gardner@haggiepartners.com

The post RiverStone International launches Australian presence with company acquisition, leadership appointment and legacy transaction with Zurich appeared first on RiverStone International.

Pritchard brings more than 16 years of experience in financial services to the role and has spent the past eight years with RiverStone International, most recently as group risk and compliance director, where she has been responsible for the oversight of all risk and compliance matters, and has successfully provided strategic leadership to cross-border teams across five territories.

Since 2010 RiverStone International has completed 47 transactions acquiring US$17.7 billion in gross liabilities. In 2024 the group reported $300 million in adjusted profit before tax with a 19.1% return on opening adjusted tangible book value.

Luke Tanzer, group chief executive officer of RiverStone International, said: “We are delighted to appoint Charlotte as UK CEO. Over the past eight years, she has developed strong relationships and delivered consistent results for RiverStone International. She brings a wealth of experience to the role and has consistently demonstrated her capabilities in her time as group risk and compliance director. We look forward to seeing her seize this opportunity.”

Andrew Creed, group president of RiverStone International, added: “I am pleased that Charlotte will be succeeding me as UK CEO. Her strong presence and proven track record at RiverStone International make her an outstanding choice for the role. I have complete confidence in her ability to excel and drive the continued success of our UK business.”

Charlotte Pritchard said “I’m genuinely excited to step into the role of UK CEO and build on the fantastic work that Andy has done over the last two years. I look forward to working closely with the executive team and the UK Boards as we shape the next chapter together”

About RiverStone International

RiverStone International is an industry-leading acquirer and reinsurer of legacy and discontinued insurance business. Operating in the UK company and Lloyd’s of London markets, Bermuda, U.S and Europe, RiverStone International has transacted a wide variety of deals – from insurance and reinsurance portfolio transfers to company purchases, acquiring more than US$17.7billion of liabilities since 2010 and with around US$6.7billion of total liabilities. RiverStone International’s highly skilled and tenured professionals employ ownership, accountability, commitment, and an open and flexible approach to all transactions to provide transactional certainty, deliver desired outcomes and maintain clients’ reputations. For further information about RiverStone International please visit: www.rsml.co.uk

RiverStone International media contacts:

Haggie Partners
Damian Beeley and Finlay Gardner
Tel: +44 (0)207 562 4444
damian.beeley@haggiepartners.com
finlay.gardner@haggiepartners.com

The post RiverStone International announces the appointment of Charlotte Pritchard as UK CEO appeared first on RiverStone International.

The Proposed Transfer must be approved by the High Court of Justice of England and Wales before it can proceed. The Proposed Transfer will be implemented through an insurance business transfer under Part VII of the Financial Services and Markets Act 2000, which will be submitted for approval to the High Court.

The court hearing to consider and, if thought fit, approve the Proposed Transfer, which was scheduled for 28 January 2026 at The Rolls Building, Fetter Lane, London, EC4A 1NL has now been re- scheduled and will take place on 10^th February 2026

Further information

More information on the Proposed Transfer, including any future updates and details about the progress of the Proposed Transfer, can be found on the dedicated website for the Proposed Transfer at https://river-re.info/ (Website).

Should you have any questions or concerns about the Proposed Transfer, or require more information, please contact:

Telephone: 01273 792300 within the UK, or, if calling from overseas, +44 1273 792300. The lines are open from 9:00 am to 5:30 pm (UK time) on Monday to Friday.

Address: Riverstone Insurance (UK) Limited , Park Gate, 161 – 163 Preston Road, Brighton, United Kingdom, BN1 6AU

Email: PartVIItransfer@rsml.co.uk

The post River Re Limited’s proposed transfer to Riverstone Insurance (UK) Limited appeared first on RiverStone International.

The Board would like to thank Luke for his enormous contribution as Group CEO of RiverStone over the past 16 years from its time as part of the Fairfax Group and then as an independent company since the change in ownership to funds managed by CVC in 2021. During his leadership the Group has grown from a UK focused business into a global leader in non-life run-off insurance, while maintaining the strength of its culture and focus on relationships with all stakeholders.

Since 2010 RiverStone has completed 47 transactions acquiring $17.7 billion in gross liabilities. In 2024 the Group reported $300 million in Adjusted Profit Before Tax with a 19.1% Return on Opening Adjusted Tangible Book Value.

Paul Brockman will join RiverStone International from the Enstar Group where he has most recently served as Group Chief Commercial Officer. He has also previously served within Enstar in a number of roles including Group Chief Operating Officer, Group Chief Claims Officer and CEO of both Enstar’s US and European businesses. Paul has spent over 30 years in the legacy sector and has significant experience in the US, London, Bermuda and international markets. He is expected to join in January 2026 and his appointment is subject to customary regulatory approvals.

Andrew Creed will be promoted to the position of Group President and will continue as Group Chief Financial Officer. He has been fundamental to RiverStone’s growth and success for over 12 years as Finance Director, Group Chief Financial Officer and Chief Executive Officer of RiverStone’s UK and Lloyd’s businesses. He has extensive expertise across all aspects of the Group which he will bring to his new role.

Preben Prebensen, Chairman, said: “I would like to add my congratulations to Luke for everything he has achieved at RiverStone. He is retiring with the business in a very strong position and it will be in very good hands with Paul and Andy and the rest of the Executive team going forward.”

Luke Tanzer, current Group CEO, said: “It has been a privilege to be part of RiverStone’s incredible journey over the past 27 years and to have led the company for the past 16 years. I am extremely proud of what we have achieved which is down to all the hard work of the fantastic team at RiverStone. I would like to extend a very warm welcome to Paul who is an inspired choice as our next CEO and also my deepest congratulations to Andy who has been a brilliant partner over the last 12 years. Together I’m sure Paul and Andy and the rest of the team will take the company forward to new heights of growth and success in the years to come.”

Ends

About RiverStone International

RiverStone International is an industry-leading acquirer and reinsurer of legacy and discontinued insurance business. Operating in the UK company and Lloyd’s of London markets, Bermuda, U.S and Europe, RiverStone International has transacted a wide variety of deals – from insurance and reinsurance portfolio transfers to company purchases, acquiring more than US$17.7billion of liabilities since 2010 and with around US$6.7billion of total liabilities. RiverStone International’s highly skilled and tenured professionals employ ownership, accountability, commitment, and an open and flexible approach to all transactions to provide transactional certainty, deliver desired outcomes and maintain clients’ reputations. For further information about RiverStone International please visit: www.rsml.co.uk

RiverStone International media contacts:

Haggie Partners
Damian Beeley and Finlay Gardner
Tel: +44 (0)207 562 4444
damian.beeley@haggiepartners.com
finlay.gardner@haggiepartners.com

The post RiverStone International Announces the Appointment of Paul Brockman as Group CEO and Andrew Creed as Group President appeared first on RiverStone International.

RiverStone International today announced that it has signed an agreement with Pacific Valley Insurance Company, a wholly owned subsidiary of Lyft, to provide a loss portfolio transfer reinsurance (LPT) for a commercial auto liability (CAL) portfolio effective from 1 January 2025.

Nick Schulson, CEO of RiverStone International Insurance, said: “We are thrilled to partner with Pacific Valley Insurance Company to complete our first transaction directly within RiverStone International’s recently-acquired US entity. We appreciate the opportunity to work on this loss portfolio transfer and recognise Lyft’s commitment to effective risk management. This loss portfolio transfer reinsurance marks a strong step in our commitment to expanding our presence in the US market, leveraging our robust platform and operations to deliver a tailored and effective solution for our client. RiverStone International is delighted to strengthen relationships and grow our scale in North America, and we welcome the opportunity to provide professional legacy solutions to markets in this region.”

Guy Carpenter was the broker of record.

Ends

About RiverStone International

RiverStone International is an industry-leading acquirer and reinsurer of legacy and discontinued insurance business. Operating in the UK company and Lloyd’s of London markets, Bermuda, U.S. and Europe, RiverStone International has transacted a wide variety of deals – from insurance and reinsurance portfolio transfers to company purchases, acquiring more than US$17.3billion of liabilities since 2010 and with around US$6.9billion of total liabilities. RiverStone International’s highly skilled and tenured professionals employ ownership, accountability, commitment, and an open and flexible approach to all transactions to provide transactional certainty, deliver desired outcomes and maintain clients’ reputations. For further information about RiverStone International please visit: www.rsml.co.uk

Riverstone International media contacts:

Haggie Partners
Damian Beeley and Bec Seaton
Tel: +44 (0)207 562 4444
Damian.Beeley@haggie.co.uk
Bec.Seaton@haggie.co.uk

The post RiverStone International announces loss portfolio transfer deal with Pacific Valley Insurance Company appeared first on RiverStone International.

Andy Creed, UK CEO and Group CFO said: “We are pleased to have partnered with Asta and Hampden to complete this transaction. RiverStone International remains committed to being the premier acquirer of legacy business in Lloyd’s and we are dedicated to supporting the success of our clients and the wider market in this space.”

Chris Sharp, active underwriter HRP Syndicate 2689, added: “I am delighted that we have been able to work with Riverstone International on this mutually beneficial transaction. The closure of the 2022 underwriting year of account and prior in this manner further reinforces our commitment to our ‘intelligent follow’ model as introduced for the 2023 year of account.”

Kevin Soopen, director, Howden Re Legacy, said: We are delighted to support Hampden Risk Partners in this transaction to allow them to focus on their go-forward business.”

Ends

About RiverStone International 

RiverStone International is an industry-leading acquirer and reinsurer of legacy and discontinued insurance business. Operating in the UK company and Lloyd’s of London markets, Bermuda, U.S. and Europe, RiverStone International has transacted a wide variety of deals – from insurance and reinsurance portfolio transfers to company purchases, acquiring more than US$17.3billion of liabilities since 2010 and with around US$6.9billion of total liabilities. RiverStone International’s highly skilled and tenured professionals employ ownership, accountability, commitment, and an open and flexible approach to all transactions to provide transactional certainty, deliver desired outcomes and maintain clients’ reputations. For further information about RiverStone International please visit: www.rsml.co.uk 

Riverstone International media contacts:

Haggie Partners
Damian Beeley and Bec Seaton
Tel: +44 (0)207 562 4444
Damian.Beeley@haggie.co.uk
Bec.Seaton@haggie.co.uk

The post Riverstone International signs RITC contract for HRP Syndicate 2689’s 2022 year of account appeared first on RiverStone International.

RiverStone International today announced that it has signed an agreement with the French branch of Zurich Insurance Europe AG and Zurich Insurance Company Ltd to provide a Loss Portfolio Transfer reinsurance (“LPT”) and an Insurance Business Transfer relating to the French discontinued Motor and Architects & Engineers (“A&E”) Professional Indemnity portfolios.

These transactions are a key milestone for reinforcing RiverStone International’s European footprint with RiverStone International Ireland DAC assuming full responsibility for the portfolios (after receiving the necessary regulatory approvals) and utilising our global structure with RiverStone International Bermuda Limited providing the LPT.

David Rocke, group head of M&A and managing director of RiverStone International Bermuda Limited, commented: “It was a delight to work with the Zurich team again in deepening the connection between our respective organisations”.

Brian Myles, CEO of RiverStone International Ireland said: ‘We are delighted to have worked with Zurich on these transactions and look forward to fully integrating the portfolios during 2025, whilst continuing to provide the highest level of service to Zurich’s insureds”.

RiverStone International media contacts:

Damian Beeley
Tel: +44 (0)7950 481795
Damian.Beeley@haggie.co.uk

The post RiverStone International Announces Loss Portfolio Transfer Deal with Zurich appeared first on RiverStone International.

RiverStone International today announced that the previously disclosed agreement with QBE to provide a Loss Portfolio Transfer reinsurance (“LPT”) for various QBE subsidiaries, including their Lloyd’s syndicates has closed after receiving all requisite approvals. The LPT is effective July 1, 2024, and RiverStone subsidiaries have assumed subject reserves of $1.2 billion as of that date.

David Rocke, group head of M&A and managing director of RiverStone International Bermuda Limited, commented: “In our continuing drive to become the premier acquirer of legacy business, we are very pleased to close this important transaction with QBE.  It is a significant milestone in our acquisition strategy and considerably strengthens our Bermuda operations, leverages the platform and expertise of our newly acquired U.S. operations and we welcome nearly fifty individuals from QBE. We look forward to continuing to build our long-term partnership with QBE.”

Luke Tanzer, group chief executive officer of RiverStone International, said: “This transaction confirms our commitment to international growth and demonstrates our global capability through the utilisation of our Bermuda, US, and Lloyd’s platforms. We are delighted to be transacting and building our strategic relationship with QBE, one of the world’s leading insurance and reinsurance groups”.

Nick Schulson, CEO of RiverStone International Insurance Inc. said: “We are excited to welcome our new colleagues and look forward to building on their expertise to enhance our U.S. operations. It’s thrilling to be supporting RiverStone International’s growth so soon after joining the group. This integration is a testament to our commitment to strengthen our North American capabilities while fostering a collaborative and inclusive work environment”.

Haggie Partners
Damian Beeley and Bec Seaton
Tel: +44 (0)207 562 4444
damian.beeley@haggiepartners.com
bec.seaton@haggiepartners.com

The post RiverStone International Completes Loss Portfolio Transfer Deal with QBE appeared first on RiverStone International.

Pending regulatory approvals and satisfaction of closing conditions, the LPT will be effective July 1, 2024. RiverStone subsidiaries will assume subject reserves of $1.2 billion.

David Rocke, group head of M&A and managing director of RiverStone International Bermuda Limited, commented: “In our continuing drive to become the premier acquirer of legacy business, we are very pleased that QBE has chosen RiverStone International for this transaction. This agreement marks a significant milestone in our acquisition strategy and considerably strengthens our Bermuda operations. Moreover, we will leverage the platform and expertise from our newly acquired U.S. operations to manage this business and welcome new talented colleagues from QBE upon closing. The collaboration between our teams during the structuring and negotiation phases has been exceptional, and we look forward to building a long-term partnership with QBE.”

Luke Tanzer, group chief executive officer of RiverStone International, said: “This transaction confirms our commitment to international growth and demonstrates our global capability through the utilisation of our Bermuda, US, and Lloyd’s platforms. We are delighted to be transacting and building our strategic relationship with QBE, one of the world’s leading insurance and reinsurance groups”.

Nick Schulson, CEO of RiverStone International Insurance Inc. said: “We are excited to welcome our new colleagues and look forward to building on their expertise to enhance our U.S. operations. It’s thrilling to be supporting RiverStone International’s growth so soon after joining the group. This integration is a testament to our commitment to strengthen our North American capabilities while fostering a collaborative and inclusive work environment”.

Media Contacts:

RiverStone International  
Federica Aversa, Global Brand and Communications Manager 
Tel: +44 20 7398 4329 
federica.aversa@rsml.co.uk

Haggie Partners
Damian Beeley / Bec Seaton
Tel: +44 (0)207 562 4444
Damian.Beeley@haggie.co.uk
Bec.Seaton@haggie.co.uk

The post RiverStone International Announces Loss Portfolio Transfer Deal with QBE appeared first on RiverStone International.

RiverStone International, the largest provider of legacy solutions in the Lloyd’s market, today announces that it has completed the acquisition of Electric Insurance Company (EIC) and its two subsidiaries, Elm Insurance Company and Electric Insurance Agency LLC.

EIC is a Massachusetts-domiciled insurer licensed in all 50 US states, as well as DC, Puerto Rico and Canada. The acquisition provides RiverStone International with the platform and operational capabilities to further North American-based opportunities.

Luke Tanzer, chief executive officer of RiverStone International, said: “The acquisition of EIC represents a significant milestone in our journey to become the leading global legacy provider and reflects our commitment to grow our footprint globally.”

Notes to Editors

About RiverStone International 

RiverStone International is an industry-leading acquirer and reinsurer of legacy and discontinued insurance business. Operating in the UK company and Lloyd’s of London markets, Bermuda, and Europe, RiverStone International has transacted a wide variety of deals – from insurance and reinsurance portfolio transfers to company purchases, acquiring more than US$14.5billion of liabilities since 2010 and with around US$6.8 billion of total liabilities. RiverStone International’s highly skilled and tenured professionals employ ownership, accountability, commitment, and an open and flexible approach to all transactions to provide transactional certainty, deliver desired outcomes and maintain clients’ reputations. For further information about RiverStone International please visit: www.rsml.co.uk 

Riverstone International media contacts:

Haggie Partners

Damian Beeley and Bec Seaton
Tel: +44 (0)207 562 4444
Damian.Beeley@haggie.co.uk
Bec.Seaton@haggie.co.uk

The post RiverStone International expands North American footprint with Electric Insurance Company acquisition appeared first on RiverStone International.