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RiverStone signs $1.6bn loss portfolio transfer deals with QBE
The LTP agreements, pending regulatory approval, would cover North American middle market and workers’ compensation portfolios, plus European liability books.
RiverStone International, a legacy reinsurance and run-off specialist, has agreed loss portfolio transfer, or LTP, deals with QBE Insurance Group totaling about US$1.6 billion in reserves.
According to Reinsurance News, the transactions are subject to regulatory approval and would cover North American middle market and workers’ compensation portfolios, as well as European liability books.
RiverStone said the deals further strengthen its long-standing partnership with QBE by delivering tailored legacy solutions across multiple lines of business and jurisdictions.
The announcement also frames the QBE agreements as RiverStone’s latest LTP deal in 2026, following other 2026 activity that included LPT agreements involving Pacific Valley Insurance Company, and a legacy transaction in Australia tied to an acquisition of a locally domiciled insurer and a portfolio deal with Zurich.