insurancebusinessmag.com

QBE Transfers US$1.6bn Long-Tail Reserves to RiverStone in Second LPT

QBE Insurance logoQBE Insurance
Sig2.92Sen+2.15Env0.00Soc0.00Gov+0.42
Riverstone Holdings logoRiverstone Holdings
Sig3.15Sen+2.25Env0.00Soc0.00Gov0.00

QBE Insurance Group is transferring about US$1.6bn of long-tail insurance reserves from discontinued North American and international segments to RiverStone International under a second LPT. The deal targets balance-sheet cleanup and capital release, with liabilities spanning claims that can develop for decades. It follows other large legacy transactions and adds to RiverStone’s growing reserve holdings.

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