RiverStone International Announces the Appointment of Paul Brockman as Group CEO and Andrew Creed as Group President

RiverStone International Holdings Limited is pleased to announce the appointment of Paul Brockman as Group Chief Executive Officer to succeed Luke Tanzer who will be retiring later this year. It has also announced the appointment of Andrew Creed as Group President in addition to his current role as Group Chief Financial Officer.

The Board would like to thank Luke for his enormous contribution as Group CEO of RiverStone over the past 16 years from its time as part of the Fairfax Group and then as an independent company since the change in ownership to funds managed by CVC in 2021. During his leadership the Group has grown from a UK focused business into a global leader in non-life run-off insurance, while maintaining the strength of its culture and focus on relationships with all stakeholders.

Since 2010 RiverStone has completed 47 transactions acquiring $17.7 billion in gross liabilities. In 2024 the Group reported $300 million in Adjusted Profit Before Tax with a 19.1% Return on Opening Adjusted Tangible Book Value.

Paul Brockman will join RiverStone International from the Enstar Group where he has most recently served as Group Chief Commercial Officer. He has also previously served within Enstar in a number of roles including Group Chief Operating Officer, Group Chief Claims Officer and CEO of both Enstar’s US and European businesses. Paul has spent over 30 years in the legacy sector and has significant experience in the US, London, Bermuda and international markets. He is expected to join in January 2026 and his appointment is subject to customary regulatory approvals.

Andrew Creed will be promoted to the position of Group President and will continue as Group Chief Financial Officer. He has been fundamental to RiverStone’s growth and success for over 12 years as Finance Director, Group Chief Financial Officer and Chief Executive Officer of RiverStone’s UK and Lloyd’s businesses. He has extensive expertise across all aspects of the Group which he will bring to his new role.

Preben Prebensen, Chairman, said: “I would like to add my congratulations to Luke for everything he has achieved at RiverStone. He is retiring with the business in a very strong position and it will be in very good hands with Paul and Andy and the rest of the Executive team going forward.”

Luke Tanzer, current Group CEO, said: “It has been a privilege to be part of RiverStone’s incredible journey over the past 27 years and to have led the company for the past 16 years. I am extremely proud of what we have achieved which is down to all the hard work of the fantastic team at RiverStone. I would like to extend a very warm welcome to Paul who is an inspired choice as our next CEO and also my deepest congratulations to Andy who has been a brilliant partner over the last 12 years. Together I’m sure Paul and Andy and the rest of the team will take the company forward to new heights of growth and success in the years to come.”

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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, U.S and Europe, RiverStone International has transacted a wide variety of deals – from insurance and reinsurance portfolio transfers to company purchases, acquiring more than US$17.7billion of liabilities since 2010 and with around US$6.7billion 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 Finlay Gardner
Tel: +44 (0)207 562 4444
damian.beeley@haggiepartners.com
finlay.gardner@haggiepartners.com