• Strategy
  • Innovation
  • Expertise

Completion of Reinsurance to Close of Syndicate 3334

19 February, 2018

On 20 December 2017 Randall & Quilter (R&Q) announced it had reached agreement with Hamilton Underwriting Limited (Hamilton) to provide capital, in conjunction with AXA DBIO, to support the Reinsurance to Close (RITC) of Syndicate 3334’s 2014 and prior years of account.

We are now pleased to announce that all of the necessary approvals have been obtained and the transaction has completed, with an inception date of 1st January 2018.

As previously announced, the RITC has been written by Syndicate 3330, managed by Coverys Managing Agency and consists of net reserves of circa £30m.

Commenting on the transaction, Ken Randall, Chairman and CEO of R&Q said:

“We are pleased to have concluded this RITC with Hamilton in respect of the run-off of their legacy Sportscover business. We continue to build on our relationship with Coverys Managing Agency and are delighted to have a strong partner in AXA Liabilities Managers. We look forward to completing further Lloyd’s legacy transactions in the future, building on the recent success here.”

Click here for the full Press Release

Completion of Reinsurance to Close of Syndicate 3334

Latest News

Directors’ Shareholding/Total Voting Rights
Directors’ Shareholding/Total Voting Rights

The Company has been notified that on 11 July 2019 Alan Quilter, Joint Chief Executive Officer and Chief Financial Officer of the Company, sold 400,000 of his holding of ordinary shares in the Company. Mr Quilter continues to hold 2,992,088 …

Loss Portfolio Transfer
Loss Portfolio Transfer

Randall & Quilter Investment Holdings Ltd. (‘R&Q’ or ‘the Group’) is pleased to announce that its wholly owned subsidiary, Accredited Surety & Casualty Company Inc (‘ASCC’), has signed a loss portfolio transfer agreement with Northern California Regional Liability Excess Fund …

Acquisition Announcement
Acquisition Announcement

Randall & Quilter Investment Holdings Ltd. (‘R&Q’ or ‘the Group’) is pleased to announce that its wholly owned subsidiary, Randall & Quilter II Holdings Limited, has signed an agreement to acquire, subject to regulatory approval from the Bermuda Monetary Authority …