RiverStone opens Bermuda office

Legacy and runoff specialist RiverStone International has launched a Bermuda office headed by David Rocke, who joins as its managing director.

Rocke has over 25 years’ experience in re/insurance legacy M&A, focusing on transactions in Bermuda, the UK and the US. Before RiverStone, he was executive vice-president of M&A at Enstar, which he joined in 1996, moving to Bermuda in 2006. There, 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.”