The ‘reinsurance to close’ (RITC) deal between Fairfax firm RiverStone and SCOR Specialty’s Lloyd’s arm The Channel Syndicate has been completed.
Brokered by Guy Carpenter, the RITC transaction covers the 2017 and prior years of account of Syndicate 2015 and is effective from January 01. It allows RiverStone to bring its claims management expertise on to the portfolio while enabling SCOR to deploy its capital efficiently.
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