RiverStone International expands North American footprint with Electric Insurance Company acquisition

3 June 2024

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