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RiverStone International appoints senior lawyer Mike Cain as group head of legal and company secretary, a role to which he brings 25 years of experience in the international insurance and reinsurance sector
RiverStone International, an acquirer and reinsurer of legacy and discontinued insurance business, has appointed David Rocke as group head of mergers and acquisitions
RiverStone International has completed an agreement with MS Amlin Underwriting to undertake a split reinsurance-to-close transaction of the latter’s UK property and casualty portfolio of Syndicate 2001 for 2019 and prior years
Rocke, who joined the company on 1 February 2022 as managing director, has been a resident of Bermuda since 2006
Global specialty reinsurer Canopius Group has completed a loss portfolio transfer agreement with RiverStone International covering discontinued classes of business underwritten by Canopius’ syndicates
RiverStone International has appointed Costas Miranthis as independent non-executive director to the group board and Neil Taylor as group chief investment officer
Private equity and investment advisory firm CVC Capital Partners has acquired run-off reinsurance and acquisition group RiverStone Europe from Fairfax Financial Holdings
RiverStone Europe has completed a reinsurance-to-close transaction of the legacy liabilities of the 2018 and prior years of account of Syndicate 4000, managed by Hamilton Managing Agency, a wholly-owned subsidiary of Hamilton Insurance Group
2023 is expected to be a bumper year for deals in the run-off/legacy market. Barney Dixon speaks to the experts to find out why
With insurers and reinsurers looking to take advantage of the hardening market and the ongoing effects of COVID-19 play out, the run-off market is set to see increased interest in the next 12 months
