Making his way to Riverstone Stallions this spring is Starlust (GB) the highest rated son of Zoustar to retire to stud
Riverstone Stallions proudly unveils the first stallion to stand at its boutique Hunter Valley-based farm
a world-class sprinter and the highest rated son of Champion sire Zoustar to EVER retire to stud
as measured by Racing & Sports’ elite global ratings model
In an era where elite speed is the global currency of racing
Starlust arrives at stud with a profile unmatched by any son of Zoustar before him
A precocious 2YO with Group-winning juvenile credentials
and a blisteringly fast 3YO with Group 1-winning form on the world stage
“This is a genuine game-changer for us,” said Nick Taylor
“To have a stallion of Starlust’s calibre
one who has conquered the world’s fastest horses on the biggest stage
as our foundation stallion is beyond exciting.”
Starlust wrote his name into the record books with a scintillating victory in the Group 1 Breeders’ Cup Turf Sprint over his preferred trip of 5 furlongs
he defeated a field stacked with world-class speed
That performance now stands as the highest rated piece of form ever produced by a son of Zoustar
Starlust captured the Group 3 Sirenia Stakes over 6 furlongs and was an eye-catching third in the Group 1 Breeders’ Cup Juvenile Turf Sprint
including a stunning last-to-first triumph in the Breeders’ Cup Turf Sprint
He was also a close-up third in the Group 1 Nunthorpe Stakes
widely recognised as one of the world’s premier tests of raw speed
Starlust will stand his debut season at Riverstone Stallions
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Home » Archive » Top News Europe » Breeders' Cup Hero Starlust To Stand For A$27,500 At Riverstone Lodge
Grade I winner Starlust has booked a spot at stud in the Hunter Valley at Riverstone Lodge
The GI Breeders' Cup Turf Sprint hero will stand for A$27,500 (inc GST) after a Royal Ascot campaign
Out of G3 Prix de Saint-Georges heroine Beyond Desire (Invincible Spirit)
the son of Zoustar was bred by Branton Court Stud in Great Britain
Sold for 55,000gns out of the Tattersalls October Yearling Sale Book 2 to Dermot Farrington on behalf of Jim and Fitri Hay
Starlust is currently trained by Ralph Beckett and is pointing to the G1 King Charles III Stakes at Royal Ascot
he won the G3 Sirenia Stakes and was third in the GI Breeders' Cup Juvenile Turf Sprint at two
he added a third in the G1 Nunthorpe Stakes prior to his Breeders' Cup heroics
“This is a genuine game-changer for us,” said Nick Taylor
“To have a stallion of Starlust's calibre
one who has conquered the world's fastest horses on the biggest stage
as our foundation stallion is beyond exciting.”
The half-brother to stakes winner Queen Of Desire (Dubawi) is also related to G2 Zipping Classic winner Beautiful Romance (New Approach)
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Breeders’ Cup winner Starlust (Zoustar) will be an exciting addition to Australia’s stallion ranks with the Grade 1 winner set to stand his first season at Nick Taylor’s up-and-coming Riverstone Lodge for an introductory fee of $27,500 (inc GST).
With a Royal Ascot target in the King Charles III Stakes (Gr 1, 5f) still to come in June, excitement surrounds the current highest-rated son of Zoustar (Northern Meteor). Bred by Branton Court Stud, Starlust hails from Zoustar’s second northern hemisphere-bred crop who were conceived at Tweenhills Farm & Stud in Gloucestershire.
Trained by Ralph Beckett in the UK for the Hay family, the now four-year-old Starlust racked up a win in the Sirenia Stakes (Gr 3, 6f), two further victories, and a third placing in the Breeders’ Cup Juvenile Turf Sprint (Gr 1, 5f) as a two-year-old, but it was as a three-year-old that his career would fully blossom.
Following three respectable efforts over six furlongs at Meydan (twice) and Ascot, the colt was dropped to five furlongs for six of his remaining eight three-year-old starts – a move that would prove career-defining.
An easy win in a Class 2 handicap at York was backed up later in the season by a Listed success and a third placing in the Nunthorpe Stakes (Gr 1, 5f), where he finished a neck ahead of reigning King Charles III Stakes heroine Asfoora (Flying Artie).
But it was at a place famously coined by Big Crosby ‘where the turf meets the surf’ that Starlust would make his name known on the worldwide stage when he produced rousing success in the Breeders’ Cup Turf Sprint (Gr 1, 5f) at Del Mar, flying home under Rossa Ryan to score by a neck.
“I watched the Breeders’ Cup Turf Sprint and saw the horse [Starlust] run on by Cogburn, who is such an elite sprinter, and did some research into the horse and we felt he’d be so easy to mate out in Australia,” Taylor told ANZ Bloodstock News of Starlust, who will be the first stallion acquisition for Riverstone Lodge.
“He’s got the best profile of any son of Zoustar at stud and he’s quite unique being out of an Invincible Spirit mare so that gives him every opportunity out here which was another key alongside his form.
“His form is world class, he’s the highest-rated son of Zoustar in the world and his pedigree would make sense in Australia. Obviously I Am Invincible is champion sire out here and he’s by Invincible Spirit [the same as Starlust’s dam] so we get the best of both worlds really. People know what works with I Am Invincible and they know what works with Zoustar so it is sort of the perfect storm.”
Taylor said he reached out to Dermot Farrington following Starlust’s victory at the Breeders’ Cup, who purchased the horse on behalf of Mrs Fitri Hay for 55,000gns at Book 2 of the 2022 Tattersalls October Yearling Sale.
“Immediately after the Breeders’ Cup I looked to see who purchased the horse or who was managing the horse and Dermot Farrington had bought him as a yearling for the Hays,” Taylor said.
“I reached out to Dermot and it grew from there with multiple conversations back and forth and we managed to work out a deal to get the horse to come out to Australia after he is retired.
“As a young farm starting out the business I just wanted to get the farm to a good level as far as the broodmares and yearlings go and to also run a high-level yearling consignment draft.
“I probably started to think about stallions and how we could transition into that next phase for around the last nine months. My plan wasn’t to sort of rush into standing any stallion, I wanted to try and wait for a high-level horse to launch as our first stallion which I feel we have.”
Retirement is not yet the plan for Starlust, who is currently still in training with Beckett in Kimpton, Hampshire, and is being targeted at a second Group 1 prize in the King Charles III Stakes – a race in which he will once again take on Henry Dwyer’s current champion Asfoora.
“He is still in training currently and will be targeted at the King’s Stand Stakes at Royal Ascot before then coming over to start his covering duties where he will remain with us,” Taylor said.
“We have high expectations going to Ascot. He’s an elite horse and wouldn’t be going there if he wasn’t well – so it’s full steam ahead really.”
A New Zealander by birth, Taylor has immersed himself in the Australian racing scene ever since arriving in the country following his school days.
“I’m from New Zealand and moved to Australia pretty much when I left school to gain more experience and I haven’t really looked back,” he said.
“I got the bug and I love Australian racing and the community, everything about Australia – I just couldn’t go back.
“A lot of my friends were travelling to America and England and Ireland but I was very sure what I wanted to try and achieve early doors, and was pretty focused on how to get there.
“I would say that things have evolved faster than I could’ve imagined, but it’s been a lot of hard work to get here. Integrity is a big factor for me in how quickly the farm has evolved.”
Starting out with a job in nominations at Newgate Farm – where he worked alongside good friend and mentor Bruce Slade – Taylor made connections and gained enough confidence to branch out and lease his own property.
“It’s all evolved pretty quickly really,” Taylor, who has two children Logan and Chelsea, admitted. “I had a good job at Newgate in nominations and built up a lot of great relationships and contacts being there and working with Bruce Slade, who I’m still very good friends with and he is a great mentor.
“That gave me the confidence to reach out and start the farm and then it just snowballed from there. We started to lease the farm and then we bought the farm within 12 months and we’ve now leased another farm with a lot more acres to raise the horses right.
“I’m fairly young myself, being 31 and I’ve got two young kids and you want to be able to set something up for them.”
Taylor began his time at Riverstone producing yearling drafts at the major sales in Australia and has seen some excellent results in the last couple of years, including two big pinhook successes at this year’s Magic Millions Gold Coast Yearling Sale.
“Starting out we didn’t have the mares so we had to build a draft and put a lot on the line to buy nice weanlings and raise them right, so we sort of backed ourselves from the very beginning,” he said.
“We put a lot into it and we got it right, got a lot of good feedback which was unreal for us and it sort of took off from there with people wanting to be involved and be clients. I’ve now got a great set of clients that are loyal and supportive too.
“Apart from the fact that we’re running a business and we’ve got margins to make, the fact these types of people are buying off us is the other great part.
“We had our first Magic Millions sale draft this year and we had a couple of pinhooks there, a Too Darn Hot filly that we bought for $150,000 and she sold for $420,000 to Gai Waterhouse, Adrian Bott and Kurrinda Bloodstock, and then a Zoustar colt that was $350,000 into $500,000 when selling to Bjorn Baker.
“So it is challenging yourself against the biggest studs in Australia – against their best bloodstock – when you’re coming in and putting it all on the line with pinhooks.
“I am very lucky that Suman Hedge and James Bester have supported the farm with some of their key clients and we’re heading in the right direction without being fully where I want us to be.
“Early doors Alex Kemp was originally a client but we’ve now become business partners. He’s now taken it to the next level because he’s an accountant by trade, so he focuses more on the financial side of things and I focus on the horses and the clientele. We’re a great team and that has taken the whole thing to a new level.”
Talking of new levels, the gravitas of standing a stallion is one that is not lost upon Taylor – and he is hoping to potentially expand on this breeding avenue in the coming years.
“We’d certainly look at wanting to stand more stallions, but I think I’d want to put the breeders first,” Taylor said.
“Have stallions that are elite but that are accessible to every type of breeder, we’re not looking to follow any other stud or farm but just do things my way really.”
A final word on Starlust and Taylor revealed the farm would be supporting the colt with their own mares, as well aiming to find others that could suit the four-year-old – who is out of the Group 3-winning Invincible Spirit (Green Desert) mare Beyond Desire.
“I will be supporting the horse heavily and also looking to buy the right type of mares for him,” Taylor added. “He will have a capped book, but we’re not set on a number just yet.
“I’ve seen him in the flesh and that was the biggest thing for me, I wanted him to look like an Australian type of horse and he’s just that.
“Big and powerful with plenty of gasket bone and just looks like he will suit all of the mares by the Danehill, Redoute’s Choice and Snitzel lines and he’s going to be able to cover those speed-type mares which is just hugely exciting.”
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As Riverstone Lodge embarks on an exciting new chapter in launching Riverstone Stallions and their inaugural stallion
we are thrilled to announce George Gillfeather in the position of Nominations
George brings not only a wealth of knowledge but the values that Riverstone hold dearly – honesty and transparency
“The last piece of a puzzle is the easiest to place and such is the case having George transition into the role of Nominations for Riverstone Stallions,” said Nick Taylor
“The early success of Riverstone Lodge is a direct result of building a team of people that share our values and beliefs
and I am thrilled to have him with us launch our inaugural stallion,” added Nick
The announcement of Riverstone Stallions first venture is anticipated in the coming days
george@riverstonelodge.com.au
Breeders' Cup winner Starlust will be an exciting addition to Australia's stallion ranks with the Grade 1 winner set to stand his first season at Nick Taylor's up-and-coming Riverstone Lodge for an introductory fee of $27,500
With a Royal Ascot target in the King Charles III Stakes still to come in June
excitement surrounds the current highest-rated son of Zoustar
Starlust hails from Zoustar’s second northern hemisphere-bred crop who were conceived at Tweenhills Farm in Gloucestershire
Trained by Ralph Beckett for the Hay family
the now four-year-old Starlust racked up a win in the Sirenia Stakes
and a third placing in the Breeders' Cup Juvenile Turf Sprint as a two-year-old
but it was as a three-year-old that his career would fully blossom
Following three respectable efforts over six furlongs at Meydan (twice) and Ascot
the colt was dropped to five furlongs for six of his remaining eight three-year-old starts - a move that would prove career-defining
An easy win in a Class 2 handicap at York was backed up later in the season by a Listed success and a third placing in the Nunthorpe Stakes
where he finished a neck ahead of reigning King Charles III Stakes heroine Asfoora
But it was at a place famously coined by Big Crosby 'where the turf meets the surf' that Starlust would make his name known on the worldwide stage when he produced rousing success in the Breeders' Cup Turf Sprint at Del Mar
flying home under Rossa Ryan to score by a neck
"I watched the Breeders' Cup Turf Sprint and saw the horse [Starlust] run on by Cogburn
and did some research into the horse and we felt he'd be so easy to mate out in Australia," Taylor told ANZ Bloodstock News of Starlust
who will be the first stallion acquisition for Riverstone Lodge
"He's got the best profile of any son of Zoustar at stud and he's quite unique being out of an Invincible Spirit mare so that gives him every opportunity out here which was another key alongside his form
he's the highest-rated son of Zoustar in the world and his pedigree would make sense in Australia
Obviously I Am Invincible is champion sire out here and he's by Invincible Spirit [the same as Starlust’s dam] so we get the best of both worlds really
People know what works with I Am Invincible and they know what works with Zoustar so it is sort of the perfect storm."
Taylor said he reached out to Dermot Farrington following Starlust's victory at the Breeders' Cup
who purchased the horse on behalf of Mrs Fitri Hay for 55,000gns at Book 2 of the 2022 Tattersalls October Yearling Sale
"Immediately after the Breeders' Cup I looked to see who purchased the horse or who was managing the horse and Dermot Farrington had bought him as a yearling for the Hays," Taylor said
"I reached out to Dermot and it grew from there with multiple conversations back and forth and we managed to work out a deal to get the horse to come out to Australia after he is retired
"As a young farm starting out the business I just wanted to get the farm to a good level as far as the broodmares and yearlings go and to also run a high-level yearling consignment draft
"I probably started to think about stallions and how we could transition into that next phase for around the last nine months
My plan wasn't to sort of rush into standing any stallion
I wanted to try and wait for a high-level horse to launch as our first stallion which I feel we have."
Retirement is not yet the plan for Starlust
who is currently still in training with Beckett in Kimpton
and is being targeted at a second Group 1 prize in the King Charles III Stakes - a race in which he will once again take on Henry Dwyer's current champion Asfoora
"He is still in training currently and will be targeted at the King's Stand Stakes at Royal Ascot before then coming over to start his covering duties where he will remain with us," Taylor said
"We have high expectations going to Ascot
He's an elite horse and wouldn't be going there if he wasn't well - so it’s full steam ahead really."
Taylor revealed the farm would be supporting the colt with their own mares
as well aiming to find others that could suit the four-year-old - who is out of the Group 3-winning Invincible Spirit mare Beyond Desire
"I will be supporting the horse heavily and also looking to buy the right type of mares for him," Taylor added
but we're not set on a number just yet
"I've seen him in the flesh and that was the biggest thing for me
I wanted him to look like an Australian type of horse and he's just that
"Big and powerful with plenty of gasket bone and just looks like he will suit all of the mares by the Danehill
Redoute's Choice and Snitzel lines and he's going to be able to cover those speed-type mares which is just hugely exciting."
Juddmonte’s sharp shooting at the sales, a small breeder aiming high and Galileo’s enduring influence among the key Guineas plotlines
'She was a bit of a queen' - Middleham Park Racing pay 155,000gns for a daughter of Calyx at Tattersalls
Coolmore fend off Willie Mullins and pay €450,000 for Quevega's golden girl Aurora Vega
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Published on 3 May 2025inInternational
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The NQ couple were quick to lock in a lot in the town’s newest residential development
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RiverStone International reported $300mn in pre-tax adjusted profit for full year 2024
according to an annual report seen by this publication
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RiverStone International announced that it has entered a reinsurance-to-close (RITC) agreement with Asta Managing Agency
The transaction sees the transferal of the 2022 underwriting year of account for Hampden Risk Partners (HRP) Syndicate 2689 into RiverStone International Syndicate 3500
The deal also involves net technical provisions valued at £62.5 million as of the third quarter of 2024
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RiverStone International UK CEO and Group CFO Andy Creed (pictured above) reiterated the firm’s commitment to acquiring legacy business in the Lloyd’s market and supporting its clients and the broader industry.
also said that closing the 2022 underwriting year of account aligns with HRP's "intelligent follow" model
which was introduced for the 2023 year of account.
The deal also involved an insurance business transfer in relation to the French discontinued motor and architects & engineers (A&E) professional indemnity portfolios
In November, the company finalized its announced agreement with QBE for a LPT reinsurance arrangement involving several QBE subsidiaries
received all required regulatory approvals
with RiverStone subsidiaries assuming US$1.2 billion in reserves as of that date
Last year also saw legacy acquirer DARAG selling off its North American and Bermuda business entities to RiverStone Group to streamline its operations and concentrate on its core European market
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The NSW Government is supporting the development and population growth in the North West Growth Area with an improved transport network
The North West Growth Area (NWGA) in Sydney is becoming an increasingly popular place to live and is undergoing significant development and expansion
Transport for NSW is planning transport and infrastructure projects to support this growth.
Our objective is to establish a sustainable and integrated transport system that caters to the rising population and future increases in bus passenger movements and bus priority and adapts to the evolving needs of both residents and businesses in the region.
We are also working on improving flood evacuation routes in the area
with the NSW Government investing $200 million to improve flood resilience in the flood-prone Hawkesbury-Nepean and across Western Sydney
The funding will allow the enabling works on Garfield Road East at Riverstone and the Richmond Road - M7 to Townson Road - upgrade
The Budget 2023-24 allocation of $200 million over two years is part of a larger $550 million spend over ten years on Western Sydney flood roads resilience that includes:
Project status: Road upgrade complete.
Denmark Link Road is a new link road that has been constructed between Garfield Road West
The new link road aims to alleviate traffic congestion along Garfield Road West at the railway level crossing at Riverstone and provide an alternate local connection for light vehicles to cross the Richmond railway line
Click here for more information
Project status: commencing the concept design and environmental assessment for the project
The Bandon Road Corridor connects Richmond Road
Transport for NSW will recommence the Bandon Road Corridor Upgrade and Extension project
engage with stakeholders and the community to prepare a concept design
environmental assessment and business case for the future delivery of identified priority works
Click here for more information
Project status: planning of Garfield Road East upgrade underway
The NSW Government is planning for the future with an upgrade proposal for Garfield Road East in Riverstone and Grantham Farm
The upgraded corridor will support current and future traffic demands
economic development along the corridor and promote alternative modes of transportation
Click here for more information
Project status: We are in the process of consulting the public on two design options for the future development of Garfield Road Central
The Garfield Road Central Upgrade aims to reduce congestion
Click here for more information
Project status: We are finalising the submission report following the display of the Review of Environmental Factors (REF)
The NSW Government is planning for the future with an upgrade proposal for Garfield Road West in Marsden Park and Riverstone
Click here for more information
Project status: key stakeholder engagement to progress Strategic Design
The Richmond Road Corridor Strategy will provide a comprehensive analysis of the Richmond Road corridor
Hawkesbury and Penrith LGAs and proposes a robust road network strategy as part of the preparation for future growth and infrastructure prioritisation within the NWGA including flood evacuation route
new bus services and new shared paths.
Project status: We are finalising the submission report following the display of the Review of Environmental Factors (REF).
Transport for NSW is proposing to continue the Richmond Road upgrade from north Elara Boulevarde to Heritage Road
The upgrade would provide safer and improved access to fast growing residential developments in the Marsden Park precinct and future developments
Click here for more information
Project status: Transport for NSW is seeking feedback from the community on early design proposal to upgrade Richmond Road between M7 Motorway and Townson Road
Planning and early works are underway to widen to six lanes a 2.2 kilometre section between the M7 Motorway and Townson Road and to build a new off-ramp bridge to connect M7 Motorway to Richmond Road
increase intersection capacity and improve travel times and safety for all road users
This will also support the Hawkesbury Nepean Flood Evacuation routes
Click here for more information
Project status: We are finalising the submission report following the display of the Review of Environmental Factors (REF) stage 2
Transport has prepared a design for a four-lane divided road along Townson Road and Burdekin Road linking Richmond Road
Marsden Park in the west and Burdekin Road
The length of the project is about 3.6 kilometres
improving road capacity to meet future traffic growth
supporting residential and employment growth
improving connectivity to the West Schofields precinct and encouraging active transport along the corridor
See more information on the Townson and Burdekin Road upgrades project page
Transport for NSW will carry out essential maintenance work on Garfield Road West
Riverstone between Sunday 11 August and Friday 30 August 2024
The work will be completed over five night shifts between Sunday to Thursday
We will not work on Friday or Saturday nights
we will need to close Garfield Road between Cemetery Road and Railway Terrace during our five nights of work
Access to properties on Garfield Road West
between the two closure points will be maintained under the direction of traffic controllers
Residents may experience delays while we arrange safe travel through the work area
For information on this work, please view or download the August 2024 community notification (PDF, 529.12 KB)
ImageCollapse the ImageNorth West Growth Area (NWGA) mapImage controls:
For further information about this project
Email: nwga@transport.nsw.gov.au
Transport for NSW recognise and celebrate the diversity of Aboriginal peoples and their ongoing cultures and care of Country
We pay respect to traditional custodians and Elders past and present
Early safety works for Bandon Road and Riverstone Parade at Vineyard
Transport for NSW is progressing the planning for the Bandon Road Corridor Upgrade and Extension to support the growing North West community
The new Bandon Road corridor includes a 6.5 kilometre
4-lane road with a central median to allow for future widening
a shared path for pedestrians and cyclists
a new road underpass of the Richmond railway line at Vineyard and improvements to the flood evacuation route on Wallace and Bandon Roads
As part of the planning for the upgrade and extension
Transport has identified early safety works at the corner of Bandon Road and Riverstone Parade at Vineyard which will provide a safer intersection for motorists and pedestrians
Benefits of the proposed early safety works
Have your say by 11:59pm Sunday 6 April 2025.
Phone: 1300 367 561
Address: Bandon Road early safety works consultation
See consultation methods
We pay respect to the Traditional Custodians and First Peoples of NSW
and acknowledge their continued connection to their country and culture
We acknowledge the Dharug people as the original custodians of the land on which Blacktown City is built
We pay our respects to Elders past and present
and acknowledge the Aboriginal people for their custodianship of this land
We will work together for a united City that respects this land and values the contribution to our community and culture of all people of Aboriginal and Torres Strait Islander heritage.
A “mile long” procession on 10 April 1904 brought the then Archbishop of Sydney
His Eminence Cardinal Moran from Windsor by horse-drawn carriage to the St John the Evangelist Church in Riverstone in celebration of the new church
This was among the amazing historical facts Bishop of the Diocese of Parramatta
Bishop Vincent Long OFM Conv shared with the 600 people who’d gathered at the Riverstone St John the Evangelist Catholic Church on Sunday 17 November for the 120th Anniversary Mass of the laying of the church foundation stone by His Eminence
St John’s Catholic Church Riverstone on the day of laying the foundation stone
Back in 1940
Sydney newspapers had reported that more than 50 vehicles left Windsor for St John’s that morning for the procession
“About a mile from Riverstone a great crowd of people in vehicles and on horseback were waiting to fall in and they gave ringing cheers as the Cardinal’s drag approached,” papers wrote
“Such a sight has never been witnessed in Riverstone before.”
The Catholic Press had written that “the fact that the Cardinal was to lay the foundation stone of the new structure made Sunday a gala day as far as the Riverstone district was concerned
The neighbouring towns of Windsor and Richmond turned out to lend éclat to the occasion
for the scene of the ceremony he was accompanied by a little army of horsemen and an imposing procession of vehicles — a royal guard of honour that contained the most respected Catholics of that part of the famous Hawkesbury district.”
“What a joy it is to come here to celebrate this very significant occasion,” Bishop Vincent said
While presiding over the special anniversary Mass
he reminded parishioners of St John’s to continue to be the church “where everybody can feel welcomed
loved and encouraged to live out the Gospel.”
Among the gathered faithful was Sister Joanne
a Poor Clare religious sister aged 80 who taught Fifth Grade from 1966 at the nearby St John’s Primary School for 15 years
“I’ve never given up St John the Evangelist because I’m now Joanne,” she said
St John’s Primary opened on 31 January 1950
and the local sisters would travel by train each day to teach at the school until their convent opened in 1957
Sr Joanne remembers the “clip-clopping” of hooves as pupils were dropped off at school by their parents by horse and cart
St John’s Catholic Church Riverstone
“I felt sorry for the children; they used to work on the farm before they even came to school,” she said
I saw children of parents that were here when I taught,” she added
a parishioner of 50 years and long-time Church pianist
“We didn’t have as many masses [but] we were still a full church,” Mrs Sultana recalled
600 parishioners came together to celebrate the 120th anniversary of the laying of the foundation stone at St John the Evangelist Church in Riverstone
Image: Alphonsus Fok/ Diocese of Parramatta
The 71-year-old said she retired her piano fingers at the Parish’s 100th Anniversary Mass
she remains active in the choir and volunteers as a reader in the church
“My faith is what has got me through all my trials,” said Mrs Sultana
Member for Greenway and Minister for Communications
“It’s great to see the church community continues to grow as more residents continue to move into this growing area,” she said
13-month-old Luciano was recognised by the Bishop as the newest member of the Riverstone parish
Image: Alphonsus Fok/Diocese of Parramatta
having their 13-month-old son Luciano recognised by the Bishop as the newest member of the parish on this auspicious occasion was a most touching experience
“Today we have a new member of the community; the youngest member,” Bishop Long said as he blessed the infant
“The Christian community welcomes you with great joy Luciano.” This was met by loud applause
as was the heartfelt singing by St John’s Primary School Choir
“It’s great to see the parish growing; all the families
all the children — it’s alive again!” Mrs Sultana said
Parishioners pose with the 120-year celebration plaques
then known as ‘Riverston’ originally settled in 1803 as part of a government stock farm and is one of the oldest towns in Australia
It is also one of the few rural towns with a remaining railway level crossing complete with boom gates
“A lot of our parishioners were the cattle farmers who established the cattle industry in Australia,” said Acolyte and parishioner of 33 years
These days, the town in experiencing a building boom, which has not been since the opening of the Meatworks in the early 1880s. According to latest housing figures
the number of homes in the area is expected to grow from 3,268 in 2021 to 5,323 in 2046
Parishioners celebrated after Mass with a cake and sausage sizzle
What’s more, the current estimated population in Riverstone is nearly 16,000 as at 2023. This is a stark contrast to 1901
when only 204 males were registered to vote in the entire district
St John the Evangelist Riverstone can fit approximately 300 people
but discussions are underway about expanding the size of the church to meet the demands of the burgeoning Catholic population
“We think serious planning for building a new church will happen within the next five to 10 years,” Mr Teuma said
Mrs Sultana said she’s holding onto hope that she’ll be around to see the new St John the Evangelist Church built
View images from the 120 Year Anniversary Mass here or below
BILLINGS — RiverStone Health is offering free soil testing for lead at Gainan's Heights Flowers and Garden from 9 a.m
we can give them some education and some guidance as to what it might look like going forward,” said Ellie Lanz
the early intervention services coordinator at RiverStone Health
"I think it's just a really good idea if you do live near old structures or have old structures in and around your house
Anyone can bring up to five quart-sized clear bags full of dry
it's great to have a grasp and a handle on what's in your backyard
Little lead testing has been done in Yellowstone County
so the risks in the soil in the county remain unknown
That is why this is the second year RiverStone and the health department are teaming up to offer soil testing for lead
"There were a few samples that were of concern
and so that kind of threshold is above 200 parts per million," Lanz said
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By IPE staff2024-12-16T15:41:00+00:00
A consortium led by Dutch pension fund manager APG Asset Management and superannuation fund Australian Retirement Trust (ART) has acquired Riverstone’s stake in Pattern Energy
a renewable energy and transmission infrastructure company
The consortium is investing an unspecified amount to own Pattern Energy alongside existing shareholders Canada Pension Plan Investment Board (CPP Investments) and Pattern management
CPP Investments and Riverstone acquired Pattern Energy in a $6.1bn (€5.8bn) take-private deal in 2019.
Pattern Energy said it expects that the APG and ART investment will help progress its development pipeline of more than 25GW of renewable energy and transmission projects
as well as support its operating facilities and nearly 10GW in-construction portfolio across North America
The company is also on track to complete SunZia Wind and Transmission
the largest renewable-energy infrastructure project in the US
MD and head of sustainable energies at CPP Investments
since its acquisition of Pattern Energy alongside Riverstone
management has developed 5.7GW of renewable energy projects
including the SunZia Wind and Transmission project
head of Americas real assets at APG Asset Management in the US
said: “This investment reflects the shared commitment of APG and its client
in driving meaningful progress towards a cleaner
“The investment in Pattern Energy alongside our new partners is designed to generate sustainable
while also delivering tangible climate solutions and societal benefits.”
said: “Australian Retirement Trust is always looking for new investment opportunities to deliver strong returns for our almost 2.4 million members
which is why we see such value in Pattern Energy and advancing its renewable energy infrastructure projects
“The acquisition of Pattern Energy adds to Australian Retirement Trust’s growing investments in renewables
We take our responsibility as a leading global investor seriously and we are confident this acquisition will provide strong returns for our members
while supporting our net-zero 2050 roadmap.”
said: “APG’s and ART’s financial strength and commitment to the business will strengthen Pattern’s position as we rise to the challenge of meeting North America’s rapidly growing energy needs
“Adding partners of this calibre that are aligned with Pattern’s vision and bring supplemental growth capital to help scale our platform is a testament to the quality of Pattern’s culture
said: “We have realised remarkable achievements and created long-lasting value for renewable power customers
and our shareholders through Pattern’s several evolutions.”
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RiverStone International has finalized its previously announced agreement with QBE for a loss portfolio transfer (LPT) reinsurance arrangement involving several QBE subsidiaries
with RiverStone subsidiaries assuming $1.2 billion in reserves as of that date
group head of M&A and managing director of RiverStone International Bermuda
described the transaction as a key milestone in the company’s legacy acquisition strategy
“It is a significant milestone in our acquisition strategy and considerably strengthens our Bermuda operations
leverages the platform and expertise of our newly acquired US operations and we welcome nearly 50 individuals from QBE
We look forward to continuing to build our long-term partnership with QBE,” Rocke said
also said the transaction underscores the company’s commitment
“This transaction confirms our commitment to international growth and demonstrates our global capability through the utilization of our Bermuda
We are delighted to be transacting and building our strategic relationship with QBE
one of the world’s leading insurance and reinsurance groups,” Tanzer said
Read More: DARAG inks deal to divest North American, Bermuda entities to RiverStone
remarking on the value their expertise will bring to the firm’s US operations
“It’s thrilling to be supporting RiverStone International’s growth so soon after joining the group
This integration is a testament to our commitment to strengthen our North American capabilities while fostering a collaborative and inclusive work environment,” Schulson said
RiverStone International operates as an acquirer and reinsurer of legacy and discontinued insurance business across the UK
the company has acquired over $15.5 billion in liabilities through portfolio transfers and company acquisitions
with total liabilities around $6.4 billion
The latest announcement is out from Riverstone Energy ( (GB:RSE) )
Riverstone Energy Limited announced that as of April 30
it has 24,642,012 ordinary shares in issue
This information is crucial for shareholders to determine their interests in compliance with the FCA’s Disclosure Guidance and Transparency Rules
According to Spark, TipRanks’ AI Analyst
Riverstone Energy Limited’s overall stock score is primarily impacted by its ongoing financial struggles
While a strong balance sheet and strategic share buybacks provide some stability
the bearish technical indicators and poor valuation metrics suggest a cautious outlook
Improvement in core financial metrics is essential for attracting investors and achieving a more favorable stock score
To see Spark’s full report on GB:RSE stock, click here
Riverstone Energy Limited (REL) is a closed-ended investment company that focuses on the energy industry
Its ordinary shares are listed on the London Stock Exchange under the symbol RSE
The company has seven active investments in areas such as decarbonisation
See more insights into RSE stock on TipRanks’ Stock Analysis page
Disclaimer & DisclosureReport an Issue
The latest announcement is out from Riverstone Energy ( (GB:RSE) )
According to Spark, TipRanks’ AI Analyst
Disclaimer & DisclosureReport an Issue
Share price 8408.00p 2 May 2025 at 16:42
News releases
Historic American Country Treasure to Offer Wellness-Focused Resort and Branded Residences Nestled in Western Pennsylvania’s Allegheny River Valley
while offering guests and owners a community for connection and reflection
Located outside the quaint Western Pennsylvania town of Foxburg
the property is in close proximity to three private airports and a quick getaway from Cleveland
Anchored by a majestic three-story stone mansion carefully restored by the estate’s former owner
the resort’s 77 new guest rooms will be woven into the contours of the 1,200-acre estate
with over 50 miles of trails and 7 miles of riverfront
threading together a rich heritage with a visionary masterplan
Forty branded residences will provide the bespoke lifestyle of a private country home with the benefits of a world-class service team and year-round adventures
Neil Jacobs, CEO, Six Senses, which is part of IHG Hotels & Resorts' Luxury & Lifestyle portfolio
guests want more purpose and a greater takeaway from their stay
of exceptional experiences based on emotional hospitality
Six Senses RiverStone Estate will provide an enchanting canvas for new layers of wellness programming
and leaps of faith into new discoveries.”
The story will begin at the property’s sprawling 13,000 square-foot stone mansion
first constructed in the 1820’s as a summer home for the Fox family
after whom the nearby town of Foxburg is named
The mansion will be further enhanced to serve as a centerpiece for the property
alongside a Victorian carriage house designed by renowned Philadelphia architect Frank Furness
Guestrooms and cottages blend an off-grid vibe with all the luxurious amenities for a sound night’s sleep
offering space and seclusion whether under a canopy of trees or atop the riverbank
The branded residences will echo similar warm
to unwind and find time for leisurely hiking
Six Senses RiverStone Estate will feature a dynamic art program
comprising a curated art gallery and a collection of studios for an artist-in-residence program that will be led by some of the world’s foremost thought leaders in multiple art disciplines
so will the bespoke wellness and food and beverage offerings at Six Senses RiverStone Estate
The 16,000-square-foot Six Senses Spa will adopt a high-tech
The Spa will be situated within the restored stone walls of the Fox Family’s English Garden
the resort will take on a different energy
whether setting intentions under the full moon or sipping a curated cocktail and tracing the stars in the sky with an astronomer
performance often comes down to preparation and recovery
The 4,500-square-foot fitness center will be equipped to provide a range of support to first timers and seasoned pros
from injury prevention and muscle recovery to mental focus and motivation
Bordering the old growth forest approximately 280 feet above the Allegheny River
a 25-meter active pool will welcome swimmers of all ages with a range of leisure programming and relaxed energy
Cuisine will emphasize local and organic produce and game
Onsite farm to table dining will include a specialty restaurant
a central courtyard with smaller tasting bars and the Orchard Alley pop-up experience
food is always as nutritious as it is delicious
even when indulging in house-made ice cream or digging into a jar of maple syrup produced onsite from the property’s 5,000+ maple trees
Horses have played a central role throughout the estate’s history
The equestrian center will house an 22,000 square-foot indoor riding arena
36 stalls with heated floors and quiet corners for equine therapy programs
Residential owners will be able to board their horses year-round
while guests and owners will also be able to access the facility’s offerings
Six Senses RiverStone Estate ownership is led by Saji Daniel and Shannon McGauley Daniel and advised by Weitzman Associates
They have assembled a world-class team of collaborators: architecture by Olson Kundig and interiors by Michaelis Boyd and Charles & Co deepen the connection to the heritage and landscape while incorporating an exciting new vision for the future
Biohabitats and Kimley-Horn will preserve and enhance the landscape of forest
“Six Senses RiverStone Estate will be a peaceful refuge for guests to experience mental
We are stewards of the property for generations to come and share in the Six Senses ethos of sustainability
After spending time on this magical property
we knew we needed to share it with the world.”
Six Senses Grand Bahama and Six Senses Xala on the Pacific Coast of Mexico are also under development
Six Senses RiverStone Estate is set to open in 2028. For more on the global Six Senses portfolio, or to book a stay, visit www.sixsenses.com
IHG Hotels & Resorts [LON:IHG
NYSE:IHG (ADRs)] is a global hospitality company
with a purpose to provide True Hospitality for Good
With a family of 19 hotel brands and IHG One Rewards
one of the world's largest hotel loyalty programmes
IHG has more than 6,400 open hotels in over 100 countries
and a development pipeline of over 2,200 properties
InterContinental Hotels Group PLC is the Group's holding company and is incorporated and registered in England and Wales
Approximately 375,000 people work across IHG's hotels and corporate offices globally
For our latest news, visit our Newsroom and follow us on LinkedIn
Riverstone Energy ( (GB:RSE) ) has shared an update
Riverstone Energy Limited announced its total voting rights as of April 30
This information is crucial for shareholders to determine their notification requirements under the FCA’s Disclosure Guidance and Transparency Rules
Riverstone Energy Limited is a closed-ended investment company that operates in the energy industry
It is listed on the London Stock Exchange under the symbol RSE and has investments in decarbonisation
For an in-depth examination of RSE stock, go to TipRanks’ Stock Analysis page
Riverstone Energy ( (GB:RSE) ) has shared an update
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A company that sued a Sydney council over the forced acquisition of land needed for drainage and habitat for a protected species of frog has won compensation – but only half what it was offered in the first place
In a ruling in the Land and Environment Court on Tuesday
Justice Rachel Pepper said UPG 72 Pty Ltd was entitled to $1.24 million for the 1200-square-metre lot in Sydney’s north-west that Blacktown City Council is expropriating for drainage and habitat for the green and golden bell frog
The lot in Riverstone has been acquired for drainage and to protect the habitat of the green and golden bell frog.Credit: Google Maps
The council had offered UPG $2.49 million in September 2022 for the land in the Riverstone Precinct based on the opinion of the NSW valuer-general
arguing the land should be zoned residential
Pepper ruled that while a 500-square-metre section of the lot would have been zoned as low-rise residential housing
more than half would have been zoned E2 for environmental conservation and for drainage into the nearby First Ponds Creek
market value of the acquired land was $1.2 million
Pepper accepted the company’s argument that the public purpose for acquiring the land was limited to drainage and works to protect the frog
as this was the intention of the planning minister when the land was released
She rejected the council’s counter-argument as an attempt to “conflate” other issues
The habitat of the vulnerable green and golden bell frog is protected
which has stymied development plans in parts of Sydney such as the Brickpit at Olympic Park.Credit: Nick Moir
Pepper also agreed with UPG that the land was unlikely to have been zoned rural
as it was “abundantly clear” the Riverstone Precinct was being released for urban development
Pepper said the need to protect the frog habitat “was made tolerably clear” by the Riverstone Precinct documents before the planning minister
The land also had some potential as a breeding ground for the frog
although was considered “low-quality” because the waterway contained plague minnow
and was “significantly shaded” by the cockspur coral tree
“I agree with the council that the habitat did not have to include breeding habitat to warrant protection,” Pepper wrote
The green and golden bell frog is one of the largest species in Australia and was listed as vulnerable nationally in 2000. It is the same species of frog that has stymied development at the historic brick pit at Olympic Park, which had been earmarked as a tennis venue for the Sydney Olympics and was more recently touted as a potential replacement for the Rosehill racecourse
The parties agreed on the costs relating to disturbance
Pepper ruled UPG was entitled to $1,235,521.20 in compensation
“Although UPG has been awarded compensation in a sum less than the amount claimed by it and less than that offered by the valuer-general
the amount is more than the compensation offered by the council during these proceedings,” Pepper wrote
Blacktown City Council has been ordered to pay UPG’s costs unless it objects within 14 days
Start the day with a summary of the day’s most important and interesting stories, analysis and insights. Sign up for our Morning Edition newsletter
A company that sued a Sydney council over the forced acquisition of land needed for drainage and habitat for a protected species of frog has won compensation \\u2013 but only half what it was offered in the first place
Justice Rachel Pepper said UPG 72 Pty Ltd was entitled to $1.24 million for the 1200-square-metre lot in Sydney\\u2019s north-west that Blacktown City Council is expropriating for drainage and habitat for the green and golden bell frog
while the council offered to pay \\u201Cnil\\u201D
Pepper accepted the company\\u2019s argument that the public purpose for acquiring the land was limited to drainage and works to protect the frog
She rejected the council\\u2019s counter-argument as an attempt to \\u201Cconflate\\u201D other issues
as it was \\u201Cabundantly clear\\u201D the Riverstone Precinct was being released for urban development
Pepper said the need to protect the frog habitat \\u201Cwas made tolerably clear\\u201D by the Riverstone Precinct documents before the planning minister
although was considered \\u201Clow-quality\\u201D because the waterway contained plague minnow
and was \\u201Csignificantly shaded\\u201D by the cockspur coral tree
\\u201CI agree with the council that the habitat did not have to include breeding habitat to warrant protection,\\u201D Pepper wrote
The green and golden bell frog is one of the largest species in Australia and was listed as vulnerable nationally in 2000
It is the same species of frog that has stymied development at the historic brick pit at Olympic Park
which had been earmarked as a tennis venue for the Sydney Olympics and was as a potential replacement for the Rosehill racecourse
\\u201CAlthough UPG has been awarded compensation in a sum less than the amount claimed by it and less than that offered by the valuer-general
the amount is more than the compensation offered by the council during these proceedings,\\u201D Pepper wrote
Blacktown City Council has been ordered to pay UPG\\u2019s costs unless it objects within 14 days
Start the day with a summary of the day\\u2019s most important and interesting stories
Acquirer and reinsurer of legacy and discontinued insurance business RiverStone International has signed an agreement with Zurich Insurance Europe and Zurich Insurance Company’s French branch
The agreement was for a loss portfolio transfer reinsurance (LPT) as well as an insurance business transfer in relation to the French discontinued motor and architects & engineers (A&E) professional indemnity portfolios
RiverStone International Bermuda Group head of M&A and managing director David Rocke expressed his delight in working with Zurich for the agreement
“It was a delight to work with the Zurich team again in deepening the connection between our respective organisations,” said Rocke
“We are delighted to have worked with Zurich on these transactions and look forward to fully integrating the portfolios during 2025
whilst continuing to provide the highest level of service to Zurich's insureds,” said RiverStone International Ireland CEO Brian Myles
The transactions with Zurich serve as an important milestone for RiverStone International as it reinforces its footprint in Europe
In November 2024, RiverStone International finalized an agreement with QBE for an LPT reinsurance arrangement which involved some of its subsidiaries along with Lloyd’s syndicates
which was worth $1.2 billion in reserves that was assumed by RiverStone subsidiaries
was part of its commitment to grow internationally while demonstrating its capability as it utilized its platforms in Bermuda
The loss portfolio transfer (LPT) agreement covers a diverse portfolio of business from international and North American markets
Insurance company RiverStone International has completed an LPT deal with QBE Insurance Group
saw RiverStone subsidiaries assuming subject reserves of $1.2bn (£925.35m)
the LPT agreement involves a diversified portfolio of business from international and North American markets
including premiums earned up to 30 June 2024
RiverStone International group CEO Luke Tanzer said: “This transaction confirms our commitment to international growth and demonstrates our global capability through the utilisation of our Bermuda
“We are delighted to be transacting and building our strategic relationship with QBE
one of the world’s leading insurance and reinsurance groups.”
The deal also brings nearly 50 professionals from QBE into the RiverStone fold
Don’t let policy changes catch you off guard
Stay proactive with real-time data and expert analysis
It marks a major step in RiverStone’s acquisition strategy
bolstering the company’s Bermuda operations and leveraging the expertise from its recent expansion into the US market
The transaction is also expected to enhance RiverStone’s position in the reinsurance sector
RiverStone International Insurance CEO Nick Schulson said: “We are excited to welcome our new colleagues and look forward to building on their expertise to enhance our US operations
It is thrilling to be supporting RiverStone International’s growth so soon after joining the group
“This integration is a testament to our commitment to strengthen our North American capabilities while fostering a collaborative and inclusive work environment.”
In June this year, RiverStone completed its acquisition of Electric Insurance Company
including its subsidiaries Elm Insurance Company and Electric Insurance Agency
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Sydney Water has awarded a key contract for the delivery of its North West Treatment Hub Growth Package
Rouse Hill and Riverstone Water Resource Recovery Facilities (WRRFs)
As part of its circular economy initiatives and to diversify reuse products generated from the wastewater
Sydney Water’s Riverstone WRRF will be provided with a carbonisation process to produce biochar from the digested sludge stream produced from the treatment process
engineering and delivery of a thermal dryer package
which will dry waste-activated sludge before the carbonisation process
said the initiative is part of a series of staged works to expand wastewater treatment capacity in Sydney’s north-west
“We are excited to be part of such an innovative project that will result in the circular use of biosolids
The process involves thermally treating the organic and inorganic solid material captured when treating wastewater to remove contaminants such as microplastics,” Mr Wharton said
Hydroflux will provide a HUBER BT16 Belt Dryer capable of processing up to 18,700t/a of dewatered sludge
This dryer will produce a final dried product of approximately 90 per cent that will be further treated in the downstream carbonisation process
Sydney Water said that this is the first belt dryer of this kind to be delivered to Australia
It marks a shift in wastewater treatment towards new technologies that support circular economy and sustainability
utilities are facing increasing pressure to deliver larger projects more often
Under a new Construction Services Panel Agreement (CSPA)
Transgrid will invite energy provider Genus to tender for a pipeline of..
An Australian-first autonomous robotic piling system is being trialled during construction of ENGIE’s Goorambat East Solar Farm
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Discussing the results and the outlook for the trust
“Although the NAV per share performance over the period is disappointing
we are pleased to note the successful sale of Harland & Wolff after the end of the period under review and the two successful realisations during the course of 2024
the company carried out its first return of capital
equating to approximately 25% of the total issued share capital—a strong start to delivering on our managed wind-down objectives
We look forward to providing further updates on the progress of the company’s managed wind-down in due course.”
RCOI: Riverstone Credit Opportunities Income makes progress on managed wind down
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a beautiful family home and a peaceful acreage setting — somehow just minutes from the CBD — proved irresistible to all who inspected this Relbia property
Buyers even flew to Tassie just to see the home for themselves in person
Bushby Creese director George Bushby said while the price is currently undisclosed
Insitu director Kristi Seymour said the 2.9ha Riverstone Dr property was “hotly contested” by local and interstate purchasers through its five-week campaign
“Three offers were received on the property
with the successful purchaser being a local,” she said
While the successful buyer hails from Tassie
Mr Bushby said the home appealed to people far and wide
“We had strong interest from Queensland and Sydney
with potential buyers flying in to inspect,” he said
“The purchaser bought the property for a lifestyle change from living in town — this property offered more space for his family.”
MORE: ‘Peerless’: There is nothing like this in Launceston
Converted church causes a stir, then quickly sold
Mr Bushby said part of what made this property so appealing was its architecture
being an architectural modern build on acreage and turnkey ready,” he said
No.28’s flawless exterior sets the tone with a white pebble circular driveway leading to the striking dark facade with feature spotted gum timber
A glass entrance foyer with timber floors unveils a compelling interior comprising four distinct wings that were carefully considered to capture all day sun and captivating views
and dining area is enhanced by the ambience of a Cheminees Philippe fireplace
and extensive glass walls showcasing serene views
Glass stacker doors extend the living zone out to an outdoor entertaining area
The gourmet kitchen has integrated appliances and a generous walk-in pantry
The master bedroom suite offers a walk-in wardrobe and a luxurious ensuite
featuring a bath positioned to enjoy the picturesque views
The family bathroom has a double vanity and stand-alone bath
In the double garage there is a Zappi electric vehicle charger
MORE: Luxury meets lifestyle in South Arm resort-style home
Where to find a cheaper rental in Hobart: report
about 12km southeast of Launceston with a history of strong property prices
Relbia has recorded 10 sales in excess of $2m since mid-2022
Ms Seymour said there is always demand for small acreages
“They enable people to have space and privacy
while cutting down on travel times for busy families,” she said
Despite the overall market’s ups and downs
“Quality lifestyle properties are still performing very well
MORE: ‘Exceptional’: It takes hard work, creativity to win the pub game
Listed: Tassie’s most expensive rentals revealed
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Riverstone Police Area Command has clarified the misinterpretation as the family member has come forward to share the real story.Speaking to SBS Punjabi
Mr Singh who recorded the video to document a family argument
impulsively lay in front of a car."A family altercation led to a distressing moment captured on video
triggering widespread speculation of financial motives," he said.READ MORE'ਇਹ ਸਾਡਾ ਘਰੇਲੂ ਝਗੜਾ ਸੀ
ਨਾ ਕਿ ਧੋਖਾਧੜੀ’: ਝੂਠੇ ਕਲੇਮ ਦੇ ਨਾਮ ਹੇਠ ਵਾਇਰਲ ਹੋਈ ਵੀਡੀਓ ਦਾ ਸੱਚ ਆਇਆ ਸਾਹਮਣੇ
How to prevent family violence in migrant communities in Australia
Challenging family violence taboos with street theatre
The tallest skyscraper in the City of London financial district has reached full occupancy just over four years after it was completed
a holding company that acquires insurance businesses
has leased the final remaining floor at 22 Bishopsgate
according to a statement from the building’s developer AXA SA
The company has signed a 15-year lease for the 25,000 square-foot (2,322.6 square meters) fifth floor
taking the 1.2 million square-foot tower to full occupancy
AXA IM Alts said in the statement on Monday
Demand for the best new buildings with plentiful amenities and top green credentials has remained robust even as increased home working has seen demand for older buildings crater
AXA developed the vast 62-story tower against the backdrop of Brexit and the coronavirus pandemic
completing it in December 2020 when most workers were still forced to do their jobs from home
AXA built the skyscraper on behalf of a joint venture between Canada’s Public Sector Pension Investment Board and Quadreal Property Group
Singapore’s Temasek Holdings Pte and its own insurance business
The massive scale of the project enabled the developer to incorporate more tenant amenities spread over four floors of the building
“Post pandemic we have seen a huge acceleration in the evolution of occupier requirements further contributing to the building’s success
with many of the future proofing ‘nice-to-have’ features we incorporated now viewed simply as must-haves,” AXA IM Alts global co-head of real estate John O’Driscoll said
Fears about future demand for office space
soaring construction costs and the spike in interest rates have all deterred developers from starting new projects
creating a supply squeeze as tenants compete for the limited new high quality offices than can help lure staff back to the office
That’s encouraged AXA to push ahead with another major new development at 50 Fenchurch Street that is due to complete in 2028
Photograph: The 22 Bishopsgate skyscraper in London
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RiverStone International has signed a loss portfolio transfer (LPT) reinsurance agreement with Pacific Valley Insurance Company
The transaction covers a commercial auto liability (CAL) portfolio effective Jan
The agreement represents RiverStone International’s first LPT transaction executed directly through its recently acquired US entity. Guy Carpenter served as the broker of record on the deal
said the deal supports the company’s effort to grow its presence in the US and strengthen its platform for legacy solutions
RiverStone International specializes in acquiring and reinsuring legacy and discontinued insurance businesses
It operates in the UK and Lloyd’s of London markets
RiverStone International reported significant financial metrics
The company managed total gross liabilities of $6.9 billion and assets totaling $8.5 billion as of Dec
RiverStone International had acquired more than $17.3 billion in gross liabilities since 2010
reflecting its active role in the legacy insurance market
The Pacific Valley transaction is the latest in a series of reinsurance and legacy deals for RiverStone International
the company also reached a reinsurance-to-close (RITC) agreement with Asta Managing Agency
transferring the 2022 underwriting year of account for Hampden Risk Partners (HRP) Syndicate 2689 into RiverStone International Syndicate 3500
The transaction included net technical provisions valued at £62.5 million as of the third quarter of 2024
In January, RiverStone also signed a deal with Zurich Insurance Europe and Zurich Insurance Company’s French branch for an LPT and insurance business transfer covering discontinued French motor and architects and engineers professional indemnity portfolios
RiverStone also finalized an LPT agreement in November 2024 with QBE involving multiple subsidiaries
That transaction became effective on July 1
RiverStone assumed $1.2 billion in reserves under the terms of that deal
RiverStone International has struck a reinsurance to close (RITC) legacy deal covering the 2022 underwriting year of account for Hampden Risk Partners Syndicate 2689
the Malta-based legacy acquirer that focuses on the European market
announced it has completed the sale of its North American and Bermuda business entities to the RiverStone Group
a subsidiary of Fairfax Financial Holdings Ltd
Financial details of the deal, which was first announced in August
“We are pleased to complete this transaction
It allows the group to focus on its core European business
and brings additional capital to execute a strong pipeline of European transactions
several of which are in advanced stages of negotiation,” commented Tom Booth
“We will now be bringing firepower to our European core where our strong
well capitalised niche position and good market conditions provide an excellent outlook.”
DARAG was advised by PJT Partners and Nomura as lead financial advisers
RiverStone’s legal advisors were Norton Rose Fulbright US LLP
The deal was completed after receiving regulatory approval
DARAG is a leading international insurance and reinsurance group specializing in the assumption of discontinued business and the provision of capital and operational relief solutions
The group has completed 67 run-off transactions in 21 countries with a value in excess of €1.7 billion