QBE hands RiverStone $1.6bn of long-tail reserves in three-book transfer
The loss portfolio transfers cover North American middle market, workers' compensation and European liability books, and remain subject to regulatory approval.
RiverStone International has entered into loss portfolio transfer reinsurance agreements with QBE Insurance Group covering approximately US$1.6 billion of reserves, the legacy specialist said on 14 August.
The transactions cover QBE's North American middle market and workers' compensation portfolios together with European liability books — three distinct long-tail exposures moved in one transaction rather than a single runoff book. They…
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