21 September, 2017
Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce the assignment of insurance liabilities under deductible policies.
The underlying liabilities relate to workers’ compensation policies issued between 1988 and 2012 to a US corporate from a large US carrier. This transaction allowed the carrier to assign the insurance liabilities under the deductible policies, therefore providing full finality to the corporate, while keeping the original carrier fully collateralized. The outstanding liabilities are estimated to be circa $24m.
Ken Randall, Chairman and Chief Executive Officer of R&Q, commented: “We are pleased to complete this assignment with a large US carrier. This transaction is a further example of R&Q’s innovative structures which allowed the carrier to provide full finality to its client through a partnership with R&Q while keeping the original carrier fully collateralized.”
Further to the Company’s announcement on 13 January 2020 (RNS number 5159Z), the Company hereby provides the attached notification, made in accordance with the requirements of the EU Market Abuse Regulation.
The Board of Directors of Randall & Quilter Investment Holdings Ltd., the non-life legacy insurance investor and capacity provider of U.S. and European MGA program business, today announces the resignation of Roger Sellek as Executive Director and Joint Chief Executive …
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