{"id":2178,"date":"2024-06-03T13:10:37","date_gmt":"2024-06-03T12:10:37","guid":{"rendered":"https:\/\/www.rsml.co.uk\/?p=2178"},"modified":"2024-08-09T17:45:49","modified_gmt":"2024-08-09T16:45:49","slug":"riverstone-international-expands-north-american-footprint-with-electric-insurance-company-acquisition","status":"publish","type":"post","link":"https:\/\/www.rsml.co.uk\/2024\/06\/riverstone-international-expands-north-american-footprint-with-electric-insurance-company-acquisition\/","title":{"rendered":"RiverStone International expands North American footprint with Electric Insurance Company acquisition"},"content":{"rendered":"\n<p><strong>3 June 2024<\/strong><\/p>\n\n\n\n<p>RiverStone International, the largest provider of legacy solutions in the Lloyd\u2019s 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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>Luke Tanzer, chief executive officer of RiverStone International, said: \u201cThe 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.\u201d<\/p>\n\n\n\n<p>Notes to Editors<\/p>\n\n\n\n<p><strong>About&nbsp;RiverStone&nbsp;International&nbsp;<\/strong><\/p>\n\n\n\n<p>RiverStone International is an industry-leading acquirer and reinsurer of legacy and discontinued insurance business. Operating in the\u00a0UK\u00a0company and Lloyd\u2019s of London markets, Bermuda, and Europe, RiverStone International has transacted a wide variety of deals\u00a0\u2013 from insurance and reinsurance portfolio transfers to company purchases, acquiring more than\u00a0US$14.5billion of liabilities since 2010 and with\u00a0around\u00a0US$6.8 billion of total liabilities. RiverStone International\u2019s highly skilled and tenured\u00a0professionals employ\u00a0ownership, accountability,\u00a0commitment,\u00a0and an open and flexible approach to all transactions to provide transactional certainty, deliver desired outcomes and maintain clients\u2019 reputations.\u00a0For\u00a0further information about RiverStone International please visit: <a href=\"http:\/\/www.rsml.co.uk\">www.rsml.co.uk<\/a>\u00a0<\/p>\n\n\n\n<p><strong>Riverstone International media contacts<\/strong>:<\/p>\n\n\n\n<p>Haggie Partners<\/p>\n\n\n\n<p>Damian Beeley and Bec Seaton<br>Tel: +44 (0)207 562 4444<br><a href=\"mailto:Damian.Beeley@haggie.co.uk\">Damian.Beeley@haggie.co.uk<\/a><br><a href=\"mailto:Bec.Seaton@haggie.co.uk\">Bec.Seaton@haggie.co.uk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>3 June 2024 RiverStone International, the largest provider of legacy solutions in the Lloyd\u2019s 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, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19],"tags":[],"class_list":["post-2178","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RiverStone International expands North American footprint with Electric Insurance Company acquisition - RiverStone International<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rsml.co.uk\/2024\/06\/riverstone-international-expands-north-american-footprint-with-electric-insurance-company-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RiverStone International expands North American footprint with Electric Insurance Company acquisition - RiverStone International\" \/>\n<meta property=\"og:description\" content=\"3 June 2024 RiverStone International, the largest provider of legacy solutions in the Lloyd\u2019s 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. 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