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RiverStone expands with Electric Insurance Company [Yahoo! Finance]
Last ge aerospace earnings: 4/30 04:02 pm
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US:NYSE Investor Relations: ge.com/investor-relations/overview
Furthermore, RiverStone will gain Electric's two subsidiaries, Elm Insurance Company and Electric Insurance Agency. Electric Insurance Company is a Massachusetts-domiciled insurer licensed in all 50 US states, as well as DC, Puerto Rico and Canada. The acquisition also provides RiverStone International with the platform and operational capabilities to further North American-based opportunities. Luke Tanzer, chief executive officer of RiverStone International, said: “The acquisition of EIC represents a significant milestone in our journey to become the leading global legacy provider and reflects our commitment to grow our footprint globally.” In April 2024, the IRLA, a trade body, launched its new chapter in Bermuda, aiming to bolster the legacy insurance and reinsurance sector. The IRLA Bermuda chapter will serve as a hub for members to network, share best practices and access professional development opportunities. Its launch is a strategic move to support the interests of
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