# RiverStone International RiverStone International is an Insurance based in London, United Kingdom. ## Overview - **Organization type:** Insurance - **Headquarters:** London, United Kingdom - **Region:** Europe - **Address:** 22 Bishopsgate, London, EC2N 4AJ, United Kingdom - **Assets under management:** Undisclosed - **Website:** riverstoneintl.com - **LinkedIn:** linkedin.com/company/riverstone-international-ltd ## Regulatory record - **Reports private funds:** No ## About RiverStone International operates as a legacy acquirer, purchasing discontinued insurance and reinsurance portfolios from carriers seeking to free up capital and management attention. CVC Capital Partners acquired the firm from Fairfax Financial in 2021 through its Strategic Opportunities Fund II, marking a transition from a captive runoff shop inside a large insurer to a standalone, well-capitalized consolidator. The firm maintains a managing agency at Lloyd’s, giving it direct access to the London market’s runoff transactions. The firm’s model centers on liability acquisition rather than premium underwriting. It targets property and casualty, workers’ compensation, asbestos, environmental, and other long-tail exposures across the US, UK, and continental Europe. RiverStone does not write new policies; it assumes existing books and manages claims to finality. CVC’s ownership structure supplies the balance-sheet permanence needed to hold liabilities for decades, a genuine advantage over shorter-duration private equity vehicles. The firm also holds precious metals exposure and a commercial property at 22 Bishopsgate in London. The management team operates from London and Brighton, with active participation in the International Run-Off and Legacy Association and AIRROC, the US-based runoff trade body. The firm became a UN Principles for Responsible Investment signatory in 2024, aligning its insurance reserve governance with ESG reporting expectations increasingly demanded by cedents and regulators. Structurally, RiverStone sits at the intersection of a permanent-capital vehicle and an operating insurance platform. Unlike most private equity-backed runoff players that must exit within a fund life, CVC’s Strategic Opportunities fund provides longer-dated patient capital. That architecture allows RiverStone to bid on liabilities that require 20-year management horizons, a structural moat against traditional PE acquirers who must underwrite a terminal exit. ## Sectors - Insurance - Private Credit ## Offices - Brighton, United Kingdom ## People - Paul Brockman — Group CEO ## Questions ### Is RiverStone International a buyer of live insurance companies or just portfolios? RiverStone focuses on legacy books and closed portfolios rather than acquiring live underwriting operations. This distinguishes it from insurance platform consolidators. The firm has targeted property and casualty runoff blocks, including long-tail exposures like asbestos and environmental liabilities, primarily in the US and Europe. ### What is CVC Capital Partners’ role at RiverStone? CVC Capital Partners acquired RiverStone International from Fairfax Financial in 2021 via its Strategic Opportunities Fund II. CVC acts as the controlling financial sponsor, providing permanent capital through a vehicle designed for longer holding periods than traditional private equity funds. This lets RiverStone bid on legacy portfolios requiring 15-to-25-year management runways. ### What was Fairfax Financial’s ongoing relationship with RiverStone after the sale? Fairfax Financial retained a continuing economic link through Asset Value Loan Notes issued as part of the sale to CVC. Fairfax also maintained legacy portfolio management arrangements, keeping some exposure to the runoff outcomes of books RiverStone manages. OMERS, the Ontario pension plan, had been a minority co-investor alongside Fairfax prior to the CVC transaction. ### Does RiverStone International write any new insurance policies? No. RiverStone is a legacy-only acquirer — it assumes existing books of discontinued business and manages the claims runoff. It does not underwrite new policies, which distinguishes it from hybrid firms that blend active underwriting with legacy consolidation. ### Where is RiverStone International regulated? The firm operates as a London-headquartered insurance holding company with a managing agency at Lloyd’s, which subjects it to UK regulatory oversight by the Prudential Regulation Authority and Financial Conduct Authority. Additional regulatory footprints exist in jurisdictions where acquired portfolios are domiciled, including across US states and European markets. ## Related profiles - [Riverside Wealth Management](https://altss.com/profile/riverside-wealth-management) - [Rivertree Wealth](https://altss.com/profile/rivertree-wealth) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/riverstone-international Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology