Slaughter and May is advising RiverStone Management Limited on its reinsurance-to-close transaction with ArgoGlobal

Slaughter and May is advising RiverStone Management Limited on its reinsurance-to-close transaction (“RITC”) with ArgoGlobal, the Lloyd’s insurer and member of the Argo Group. Effective as of 1 January 2021, RiverStone has undertaken the RITC of ArgoGlobal’s Syndicate 1200 for 2017 and prior years with net technical provisions of £356 million.

In connection with the RITC, RiverStone has outsourced the provision of certain services, including claims handling, to ArgoGobal for a transitional period.