Fairfax's RiverStone acquires third-party administrator Rockville
Fairfax-owned insurance run-off management company RiverStone has acquired New York-based third-party administrator and loss adjuster Rockville.
Rockville Risk Management and ER Quinn Company (collectively known as Rockville) provide comprehensive claim services to insurers, syndicates, managing general agents, reinsurers and self-insureds.
Following the deal, the company will continue to operate as an independent subsidiary of RiverStone.
“Rockville is well-respected in the insurance industry as a trusted partner with a track record of more than thirty years of success,” said Nick Bentley, president and CEO of RiverStone. “This acquisition is a natural addition to RiverStone’s offerings and will accelerate our growth in the insurance services market. We look forward to welcoming the Rockville team.”
Edward R Quinn, Jr, president and CEO of Rockville Quinn Management, added: “Becoming part of RiverStone and the Fairfax family will enable us to continue to grow and strengthen our position as a leading insurance service provider in the US and across Europe.”
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