Fairfax-owned RiverStone buys Vermont captive Western P&C
Fairfax-owned run-off carrier RiverStone has entered into a tentative agreement to acquire Western Property & Casualty Insurance Company for an undisclosed sum, effective this month.
Based in Vermont, Western P&C has served as a captive since 2002 for a group of companies, supporting their automobile liability, general liability and workers’ compensation exposures, on a deductible reimbursement basis.
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