RiverStone acquires Electric Insurance Company

RiverStone International , the largest provider of legacy solutions in the Lloyd’s market, announced the acquisition of Electric Insurance Company (EIC) along with its two subsidiaries, Elm Insurance Company and Electric Insurance Agency LLC.

Electric Insurance Company , a Massachusetts-domiciled insurer, holds licenses across all 50 US states, the District of Columbia, Puerto Rico, and Canada. This acquisition provides RiverStone International with platform capabilities and operational resources to capitalize on North American-based opportunities.

Luke Tanzer, CEO of RiverStone International, commented on the acquisition: “The acquisition of EIC represents a significant milestone in our journey to become the leading global legacy provider and reflects our commitment to grow our footprint globally.”