11 June, 2018
Transaction from California self-insured
Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce the completion of a transaction to provide full finality to a California based self-insurer by the R&Q owned A- rated carrier, Accredited Surety and Casualty (“Accredited”). This is the first transaction with a self-insurer in California and the fourth across the U.S. over the past 2 years.
Ken Randall, Chairman and Chief Executive Officer of R&Q, explained “We are delighted to complete this assumption in the State of California, which represents another successful transaction with self-insurers in the United States. This deal reinforces our team’s innovation in structuring transactions to provide full finality for legacy liabilities and working cohesively with the respective insurance regulators to provide these solutions”.
Captive reinsurance transaction for a large US corporate airline
Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce the issuance of a reinsurance agreement assuming the legacy liabilities of the Bermuda domiciled captive of a US corporate airline by the R&Q owned A- rated carrier, R&Q Insurance Malta (“RQIM”). We were able to provide the corporate economic relief from their legacy liabilities and we look to continue to provide innovative solutions to meet the needs of our counterparties.
Ken Randall, Chairman and Chief Executive Officer of R&Q, explained “We are delighted to complete another transaction with another large US corporate. This deal highlights our continued efforts to service the US corporate market and become a trusted counterparty for reinsurance transactions of this type”.
Click here for the full Press Release
Accredited Surety & Casualty Company, Inc. (‘Accredited’), the Florida-headquartered US insurance company that is licenced to write admitted P&C business in all fifty states, has had its A.M. Best Group rating increased from VII to VIII. The group rating increase …
London-listed Randall & Quilter Investment Holdings Ltd. (“R&Q”) has successfully raised £107mn ($140.4mn) in a major equity fund raise to support its expansion in the legacy and program underwriting markets. R&Q raised the funds – which equate to around 40 …
On 5 March 2019 Michael Smith (through his self-invested personal pension), a non-executive director of the Company, acquired 15,000 shares in the Company at the rate of GBP 153p per share, through his participation in the Company’s Placing and Open …