Legacy specialists RiverStone opens in Bermuda

Legacy and runoff specialist RiverStone International has appointed David Rocke as managing director for a new Bermuda division.

Rocke, formerly with Enstar, brings over 25 years’ experience in re/insurance legacy M&A. At Enstar, he was executive vice-president of M&A and has been based in Bermuda since 2006. He had a specialist focus on M&A projects and was responsible for acquisition transactions involving billions of reserve liabilities. Rocke has also acted as a director for more than 20 regulated entities in Bermuda and the UK.

Luke Tanzer, chief executive officer of RiverStone International, said: “We are delighted to welcome David to our group. He brings a wealth of market experience and will be central to the development of our Bermuda platform and achievement of our international growth plans. The talent within our team and their in-depth understanding of legacy and the wider insurance market is one of the key drivers of RiverStone’s continued success.”

Rocke added: “RiverStone International has a well-deserved reputation in the legacy space and has been expanding at a rapid pace. I am thrilled to be joining at a time when the Bermuda and wider markets are presenting fantastic opportunities, and I am looking forward to working with Luke and the team.”