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The carrier increased specialty premium by 39% by the nine-month mark. -
The carrier said activity across smaller and mid-sized natural catastrophe and risk events had been “elevated”.
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Nicola Gaisford joined RiverStone from R&Q last year.
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The firm will provide an update on November 22 to avoid holiday season.
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The broker said the casualty segment is approaching an “inflexion point”.
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Republican tariffs and higher Democratic corporate taxes would hurt the sector.
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It is understood the executive will join the carrier later this year.
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RiverStone is assuming $1.2bn of a $1.6bn legacy deal.
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Andrade flagged expected 5% to 10% increases in the US and Europe.
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Sources said the E&S insurer is seeking to draw a line and trade forward as an independent business.
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Coverages include missed bid reimbursement, contingent bodily and property damage, and drone use violations.
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Insured losses for 9M 2024 have hit $102bn, according to a report.
