RiverStone has built a reputation as a “best in class” run-off specialist, both as a highly effective operator and as a respected employer. The continuous evolution of our business and our associates is both a collective and individual responsibility, fostered by an entrepreneurial environment where associates are fulfilled and valued.
For sellers, brokers, and other stakeholders, we strive to be unassuming, straight-forward, and easy to engage. We have always stood for and always will aim towards responsible run-off. We will never compromise the honesty and integrity that are essential to all our relationships.
Fairfax Values Define Who We Are
- We are results oriented – not political.
- We are team players – no egos.
- We are loyal to each other and to our stakeholders.
- We are hard-working but not at the expense of our families.
- We seek opportunities but emphasize downside protection.
- We are entrepreneurial and encourage calculated risk taking.
- We will never bet the company on any project or acquisition.
- We believe in having fun – at work!
“Compared to competitors – RiverStone is exceptionally trustworthy and reputable.”
Global Insurance Broker
Our professional ethos ultimately translates into better service for claimants, greater risk control for insurers, and higher returns for shareholders. We believe greater openness and collaboration create better deals for everyone, leading to practical relationships that are friendly and flexible.
We are the professionals in our industry.
Sellers, advisors, and brokers we work with use this term to describe us, over and over. At the same time, we are responsible for the industry’s most creative and sustainable deals. We actively foster a family culture, and we care about our values and our people. We are an understated and powerful force for great in global run-off.
Our Leadership Team
RiverStone is a highly experienced group of global professionals from various disciplines.
The RiverStone Group is a group of insurance, reinsurance, and service companies specializing in the management of legacy and run-off insurance businesses and portfolios. As an industry leader in claims resolution, reinsurance recovery, and dispute resolution, we employ over 200 professionals, operating across multiple offices and affiliates spread throughout the United Kingdom and Europe.
RiverStone comprises a highly experienced group of international professionals from various disciplines, including finance, actuarial, litigation, claims handling, technology, and HR. Our team has worked on numerous high-profile, global run-off transactions, and our executives typically have more than 25 years of industry experience and on average have been with the company for over 15 years.
UK Managing Director
With over 25 years in insurance and reinsurance industries, Luke runs RiverStone’s UK operations. He joined RiverStone in 1998 and has held a number of positions including Head of Workout, Reinsurance Director and Operations Director before his promotion to Managing Director in 2009. Prior to RiverStone, Luke spent a number of years in the Claims and Placing Divisions of Alwen Hough Johnson and Sedgewick Re. Luke was also a Board Member of the Insurance Reinsurance Legacy Association (IRLA) from 2005-2013. Luke graduated from James Cook University, North Queensland with a Bachelor of Economics.
Fun Fact: Luke walks to stay fit and since July 2015, he has walked over 5,000 miles and climbed over 35,000 floors.
Chief Operations Officer
With over 25 years of experience in the insurance industry, Mark oversees the Claims and Reinsurance Operations of RiverStone UK. He joined the company in 1994 and has held various management positions including Manager of the Financial Run-off Unit, Head of Commutations, Workout Manager and Reinsurance Director. Mark has commuted over $1 billon in approximately 600 commutations and resolved some of the company’s most complex exposures. From 2014 to 2016, Mark spent two years as Vice President within the US Leadership Team in New Hampshire before returning to the UK to fill his current role. He received his Bachelor of Arts with Honours in Public Administration from the University of South Wales..
Fun Fact: Mark is an avid swimmer and is related to Roger Bannister, a world-class runner who broke the 4 minute mile barrier.
Executive Claims Director
With 35 years in the insurance industry, Stephen oversees all inwards claims into the RiverStone Europe Group. He joined RiverStone in 2012, and has served in a number of industry leadership roles and trade groups, including the Insurance and Reinsurance Legacy Association (IRLA) as well the Board of the Claims Faculty of the Chartered Insurance Institute. Stephen is ACII qualified and prior to RiverStone, he was with Brit Insurance for 10 years, most recently as Head of UK Claims. He also helped found Specialist Liability Insurance Limited, a loss adjusting company. Stephen joined Lloyd’s Broker Leslie & Godwin directly after successful completion of his A levels in English, History and Economics.
Fun Fact: Stephen is a rock-and-roll and blues drummer who plays in several bands.
Executive Director, General Counsel & Company Secretary
With over 20 years of legal experience, Fraser is responsible for all corporate legal, company secretarial, and litigation matters for the RiverStone UK group. Fraser joined RiverStone as a Corporate Solicitor in 2004 with 8 years’ corporate legal experience. He was promoted to General Counsel and Company Secretary in 2007 and appointed to the Board of RiverStone Management Limited in 2012. Prior to joining RiverStone, Fraser worked in the corporate departments of DMH and Osborne Clarke. Fraser graduated from the University of Manchester with a BA in Economics and was awarded an LLM in Commercial Law from Bristol University.
Fun Fact: Once when visiting Japan, Fraser got himself invited backstage to a theatre performance and played the role of a drunken Samurai warrior.
With over 30 years of HR experience, Judith is responsible for all elements of the Human Resources function for the RiverStone UK group. She is proud to have spent her entire career at RiverStone, having joined the company as a Recruitment Officer in 1987. She was appointed Head of HR in 2006 having been promoted several times within the department in the intervening years. Judith graduated from the University of Greenwich with an upper second class BA with Honors in Business Studies, majoring in Human Resources, and has been a member of the Chartered Institute of Personnel and Development ever since.
Fun Fact: Judith currently spends most of her holiday time on the Mediterranean coast of Spain where she is renovating a property and dabbling with learning the language.
Executive Finance Director
With over ten years of experience, Andy is responsible for all finance related matters for RiverStone’s UK operations. He joined RiverStone UK in 2013 as a Reporting Accountant, progressing to become RSMA Finance Director in 2018 and Executive Finance Director in 2019. Prior to joining RiverStone, he spent three years working in the Corporate and Investment Banking department of Barclays Bank. He started his career in 2007 in the Audit and Assurance practice at PricewaterhouseCoopers, working almost exclusively with clients in the London insurance market and qualifying as an accountant in 2010.
Fun Fact: Andy likes to spend his holidays hiking in UK national parks and also enjoys swimming in the sea off the Brighton coast
We are results oriented – not political.
We are team players – no egos.
We are loyal to each other and to our stakeholders.
We are hard-working but not at the expense of our families.
We seek opportunities but emphasize downside protection.
We are entrepreneurial and encourage calculated risk taking.
We will never bet the company on any project or acquisition.
We believe in having fun – at work!