• November 4, 2015
    Stephen Roberts has been elected to the Board of directors of the Insurance & Reinsurance Legacy Association (“IRLA”)
    RiverStone Management Limited are very pleased to announce that Stephen Roberts, Claims Director of RiverStone Management Limited, has been elected to the Board of directors of the Insurance & Reinsurance Legacy Association (“IRLA”). Stephen is a strong advocate of a professional legacy market and IRLAs promotion of the legacy market and lifelong learning in insurance resonate strongly with him and within RiverStone. Stephen has actively participated in many of the association's event and initiatives designed to promote legacy business within the London Market and beyond. Stephen said, "In tandem with my responsibilities at RiverStone and involvement with the CII, election to the Board of IRLA helps me to deliver a dynamic contribution to the development of the legacy market" For more information about IRLA, please visit: http://www.irla-international.com
  • March 19, 2014
    RiverStone Hits Charity Target for 2013!
    Each year, the employees in the RiverStone Europe group choose a charity to support with their fund-raising activities. For 2013 the chosen charity was Macmillan Cancer Support. The target fundraising amount for the year was £10,000, but after a fantastic year of charity events and fundraising RiverStone are pleased to announce that the total amount raised in aid of Macmillan was an incredible £24, 790. RiverStone would like to thank everyone who generously donated, each donation was greatly appreciated. Also, thank you to everyone who was involved in organising the activities and for those who took part for their hard work and support in helping us exceed our target!
  • October 4, 2013
    A big thank you!
    A big thank you to everyone who generously supported the team at RiverStone UK in our recent Transatlantic Sports Challenge against our sister office in New Hampshire, USA, all of your donations were very much appreciated. Between our 3 offices in Darlington, London and Brighton we rowed, ran, swam, walked and cycled a total of 966 miles. More importantly we will have raised over £15,000 for Macmillan, our chosen charity this year, when donations, gift aid and some very generous matching of employee donations by RiverStone are taken into account. As a result Macmillan can help many more people with their fight through cancer. Our colleagues in the US also put a tremendous amount of work into fundraising for their chosen charity, which helps disabled and disadvantaged children. We’d agreed to compete with them to see who could raise the most money for our respective charities. It would be immodest of us to say who won, suffice to say that we’re happy to let them have another crack at the title next year.
  • November 23, 2011
    RiverStone continue to raise money for Rockinghorse charity
    The staff at RiverStone have so far raised £3,414  for the Rockinghorse charity over the last few months. The money has been raised from various activities including a challenging sponsored walks on the south downs, the great south run, cake making and a management 'Come Dine with Me' competition. Fundraising activities will continue until our employees raise enough money to enable  to acquire a Pain Distractor system for use at the Royal Alexander children hospital in Brighton Rockinghorse is a charity that aims to make life better for sick and disabled babies, children and teenagers in Sussex, Surrey and South London.
  • March 25, 2011
    RiverStone staff raise money for Comic Relief 2011
    Comic Relief 18th March 2011 The staff at Riverstone have managed to raise a grand total of £671.11 through various fundraising activities on Friday 18th, these included raffles, sweepstakes, cake sales and a crazy golf competion. The company has agreed to match their efforts taking the total contribution to £1,350
  • January 25, 2011
    RiverStone to sponsor the Association of Run off Companies annual congress
    RiverStone will once again be sponsoring and attending the Association of Run off Companies annual congress.  Please follow this link for further details: http://www.arclegacy.eu/index.php/General-Congress/Congress-2011.html
  • January 14, 2011
    RiverStone completes deal to RITC Syndicate 376
    RiverStone has completed its deal to reinsure-to-close (RITC) the open years of Syndicate 376. The syndicate has been under the control of Whittington Capital Management, and is one of the largest in run-off in the Lloyd's market. Syndicate 376 has gross liabilities of approximately $250mn, down from around $1bn. Alleghany's Syndicate 376 collapsed on the Central Fund at the end of 2001 leading to losses for the market. It wrote a number of classes, including property and aviation reinsurance. The Syndicate 376 RITC, along with376/2376 lines of business from 1993-2001, includes Syndicate 1183/2183 exposures from 1993-1999, Syndicate 1207 from 1996-1999 and Syndicate 1038 from 1993-1995. We are now working with Whittington to embed376 through the first quarter, 376 has very good synergies for the group, with liabilities including World Trade Center risk and non-marine professional indemnity business. Reinsurance exposure amounts to around $100m. Some of the losses still within the 376 portfolio are very similar to our involvement in 506, our main aim is to return value to shareholders and 376 offers that opportunity. We first looked at Syndicate 376 in June last year and beat a number of other legacy specialists to win the tender. There has been a lot of RITC coming to market but we now expect a downturn in activity from Lloyd's. 2009-2010 has been frenetic for RITC activity, but there are not many opportunities of this size left in the Lloyd's run-off arena. We now continue to assess the potential impact of Solvency II modeling on portfolios and acquisition opportunities. Luke Tanzer Managing Director.
  • October 1, 2010
    RiverStone deal takes open years for all corporate members for Syndicate 2112
    RiverStone has taken on the open years of all corporate members for Syndicate 2112, Bank of America International Underwriters Limited with $30m gross liabilities. Syndicate 2112 comprises commercialgeneral liability written through cover holders in the US for small to medium­ sized builders, with minimal exposure to Chinese dry wall. Luke Tanzer Managing Director.