RiverStone appoints David Rocke head of M&A
Bermudian-based insurance executive David Rocke has been appointed group head of M&A at RiverStone International, the industry-leading acquirer and reinsurer of legacy and discontinued insurance business.
The company said Mr Rocke will continue his role as managing director of RiverStone Insurance Bermuda Limited alongside this key appointment in RiverStone International’s growth strategy.
Jamie Saunders, who has been with RiverStone since March, has been appointed chief underwriting officer and will also be based in Bermuda, reporting to Mr Rocke.
Mr Saunders has nearly 20 years of experience in legacy insurance and reinsurance with a specific focus on transactions in Bermuda, the United States and Britain, most recently in his former role as head of M&A operations and integration at Enstar.
He will be responsible for the day-to-day operations of the group M&A and integration functions, as well as working with Mr Rocke on business development.
Mr Rocke said: “I am excited to be taking on this expanded role at RiverStone and to be working with Jamie again. We look forward to building on the foundations David Alexander laid and broadening RiverStone International's business globally in the coming years.”
Mr Alexander, former acquisitions and business development director, has been appointed business planning and strategy director.
In his new role, Mr Alexander will support RiverStone’s financial development using his considerable expertise in insurance restructuring, run-off management and business transformation, the company said.
Luke Tanzer, chief executive officer of RiverStone International, said: “We are thrilled with the appointments of David Rocke, Jamie and David Alexander.
“All three are incredibly talented individuals and their experience will be essential as RiverStone International continues to expand worldwide.
“Our expertly skilled and talented team is reflected in RiverStone International’s continued success and growing position within the market.”
Operating in the UK company and Lloyd’s of London markets, RiverStone has transacted a wide variety of deals — from insurance and reinsurance portfolio transfers to company purchases, acquiring more than $7 billion of liabilities since 2010 and with about $4 billion of liabilities currently under management.