Riverstone

Fairfax sells off 40% stake in Riverstone for $560mn

Fairfax sells off 40% stake in Riverstone for $560mn

Fairfax - owner of Allied World and Brit - has agreed to sell a 40 percent interest in its run-off group Riverstone UK to Omers, a pension plan provider for Ontario municipal employees, for at least $560mn as it mulls plans for broader run-off retrenchment in the UK.

RiverStone strikes Channel Syndicate RITC

RiverStone strikes Channel Syndicate RITC

Fairfax-owned run-off manager Riverstone is to take over Scor-owned Channel Syndicate’s 2017 and prior years of account.

Riverstone acquires two Cayman-based captives

Riverstone acquires two Cayman-based captives

Fairfax-owned run-off manager Riverstone has purchased the Cayman-based captives, GMPCI Insurance Company Ltd. (GMPCI) and Seaside Indemnity Alliance Company Ltd. (Seaside).

Riverstone acquires loss adjuster Rockville

Riverstone acquires loss adjuster Rockville

Fairfax-owned run-off manager Riverstone has purchased Rockville Risk Management and ER Quinn Company (Rockville), a third-party administrator and loss adjusting company based in New York.

Riverstone takes on $562mn UK EL legacy liabilities

Riverstone takes on $562mn UK EL legacy liabilities

Riverstone, the legacy acquisition firm owned by Fairfax Financial, has finally taken on $562mn of run-off UK employers’ liability business following the completion last month of a court sanctioned transfer and the inception of a separate reinsurance cover.