• Strategy
  • Innovation
  • Expertise

R&Q completes assumption from a Risk Retention Group

24 January, 2018

Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce the assumption of auto liabilities from a Connecticut domiciled risk retention group (“RRG”) to R&Q’s wholly owned A- admitted carrier, Accredited Surety and Casualty Company, Inc.

The Connecticut risk retention group, with estimated reserves of circa $1.6m, wrote auto liability policies in California during 2015. This transaction, through Accredited, provided full finality to the RRG for the auto liabilities assumed, which now enables the entity to wind up.

Ken Randall, Chairman and Chief Executive Officer of R&Q, explained: “We are very pleased to announce our first assumption with a risk retention group was completed prior to year end. This transaction is evidence of our unique ability to provide finality solutions to U.S. self-insurers through the use of Accredited and is an area which we are looking to expand in 2018.”

Click here for the full Press Release

R&Q completes assumption from a Risk Retention Group

Latest News

European Program Management Panel Debate Featuring AIEL
European Program Management Panel Debate Featuring AIEL

Watch the latest Program Manager virtual panel debate brought to you by The Insurer’s newly launched video platform The Insurer TV and Accredited Europe by clicking on the following link: Program Manager virtual panel debate | Watch now on The …

Completion of share exchange by Brickell
Completion of share exchange by Brickell

In accordance with the exchange conditions of the subscription made by Brickell Insurance Holding LLC (“Brickell”) in April 2020, R&Q is pleased to announce the completion of the share exchange and the allotment of shares to Brickell in exchange for …

Appointment of Broker
Appointment of Broker

Randall & Quilter Investment Holdings Ltd. (“Randall & Quilter”) today announces the appointment of Barclays Bank PLC (“Barclays”) as its joint corporate broker with immediate effect. Barclays will work alongside Randall & Quilter’s existing corporate broker and nominated adviser, Numis …