RiverStone International has signed an agreement with Lyft subsidiary Pacific Valley Insurance Co. to provide a loss portfolio transfer reinsurance for a commercial auto liability portfolio.
The deal is effective from Jan. 1, 2025.
Guy Carpenter was the broker of record.
RiverStone International is an acquirer and reinsurer of legacy and discontinued insurance business operating in the U.K. company and Lloyd’s of London markets, Bermuda, U.S. and Europe.
Pacific Valley Insurance is based in California.
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