• Strategy
  • Innovation
  • Expertise

Novation of Insurance Liabilities

11 September, 2018

Randall & Quilter Investment Holdings Ltd (‘R&Q’ or ‘the Group’) is pleased to announce that its wholly owned Guernsey subsidiary, Capstan Insurance Limited, has signed an agreement to accept a novation of the insurance liabilities of the Sitex Cell in Windward Insurance PCC Limited, from its owners, Orbis Protect Limited (“Orbis”). The SITEX Cell insured the deductible amounts payable under Liability policies, including Employers’ Liability, for the years 2004 to 2014.

The residual liabilities, which will be managed by R&Q, comprise primarily of Employer’s Liability deductible exposures arising in the UK.

Commenting on today’s announcement, Ken Randall, Chairman and Chief Executive Officer of Randall & Quilter, said: “We are delighted to announce this transaction with Windward Insurance PCC Ltd which demonstrates R&Q’s appetite and ability to provide flexible exit solutions to owners of discontinued insurance businesses.

“We have a strong pipeline of acquisitions and expect to announce a number of additional transactions before the end of the year.”

Click here for the full press release.

Novation of Insurance Liabilities

Latest News

Inperio and Accredited Pioneer Extension of UK solicitors’ PI Market
Inperio and Accredited Pioneer Extension of UK solicitors’ PI Market

The specialist UK Professional Indemnity MGA Inperio (London) Limited (“Inperio”) has worked with the European program underwriter Accredited Insurance (Europe) Limited (‘’AIEL’’), R&Q ‘s A.M. Best A- (Excellent) rated European insurance company, to launch the first professional indemnity policy focused …

Portfolio transfer from SAAB subsidiary to Accredited Insurance Europe
Portfolio transfer from SAAB subsidiary to Accredited Insurance Europe

Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce that its wholly owned subsidiary Accredited Insurance (Europe) Limited has completed the transfer of business from Lansen Försäkringsaktiebolag (Lansen), a wholly owned subsidiary of SAAB Aktiebolag (“SAAB”). The transfer …

Acquisition of Montana Captive Insurer
Acquisition of Montana Captive Insurer

R&Q is pleased to announce it has acquired the Montana captive insurer, Vigneron Insurance Company, Inc. (“VICI”), from a wholly owned private investment holding company with diverse holdings in a variety of industries, real estate, marketable securities and other investments. …