Riverstone signs second LPT agreement with Pacific Valley Insurance Company

RiverStone International has announced that it has signed a second loss portfolio transfer reinsurance agreement with Pacific Valley Insurance Company, the captive insurance company of Lyft. 

The companies said that the transaction builds on the strong and ongoing relationship between the parties. The transaction is effective from 1 July 2026.

Paul Brockman, group chief executive of RiverStone International, said: “We are delighted to have the opportunity to partner once again with Pacific Valley Insurance Company and Lyft on this transaction. This repeat transaction reflects the depth of the relationship between our organisations and demonstrates the value of long-term partnerships in the legacy market. We are pleased to continue supporting Lyft's risk management and capital optimisation objectives and look forward to further developing our relationship in the years ahead. This transaction further strengthens our presence in North America and reinforces our commitment to providing innovative legacy solutions to clients across the region.”

Guy Carpenter was the broker of record.

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