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.
Was this article valuable?
Here are more articles you may enjoy.
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
Honda’s Insurance Agency Operations Stall, Services ‘Paused’ 
Allstate Sued by Oklahoma for Alleged Scheme to Underpay Claims 
Clash of Florida Titans Pits Powerful Tribe Against Homebuilder Lennar 
