Riverstone gets $305m multi-year collateralised reinsurance funded via JP Morgan

In a major deal that is similarly structured to the landmark Lloyd’s Central Fund reinsurance arrangement from 2021, legacy acquisition focused Lloyd’s specialist underwriter RiverStone International, has secured $305 million of multi-year collateralised reinsurance, with funding led by investment bank JP Morgan and transacted via a White Rock cell structure.

Riverstone is a significant player in the legacy and run-off reinsurance market, but capital is critical in this space and now the company has found another way to add more firepower, by drawing on the interest in reinsurance-linked investments from third-party capital, in this case banking and investment giant JP Morgan.

RiverStone announced that this new “innovative multi-year excess of loss corporate member reinsurance cover” is designed to support its recent legacy transaction activity, including its previously announced RITC and LPT with MS Amlin.


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