• Strategy
  • Innovation
  • Expertise

R&Q completes Loss Portfolio Transfer with California based insurance group

20 June, 2017

Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce it has written a Loss Portfolio Transfer reinsurance contract to cover the livery, trucking, and contractors’ liability programs issued between 2007 and 2015 by a California based insurance group.  As part of the transaction, R&Q will assume the claims handling responsibilities for the carrier.  The estimated undiscounted liabilities assumed are c. $43m. R&Q worked in conjunction with Willis Re to successfully complete this transaction.

Ken Randall, Chairman and Chief Executive Officer of R&Q, commented:

“We are pleased to provide a solution incorporating claims handling with a traditional LPT contract, which further demonstrates our ability to provide exit solutions to counterparties.  This LPT demonstrates Accredited Surety & Casualty’s expanded capabilities on the U.S. west coast and emphasizes our continued commitment to provide legacy liability solutions within the North American market. To complete this deal so shortly after another similar sized LPT contract is further proof of our increased level of activity in the legacy market, especially pleasing in the first half of the year.”

Click here for the full Press Release

R&Q completes Loss Portfolio Transfer with California based insurance group

Latest News

Listing of Senior Unsecured Floating Rate Notes
Listing of Senior Unsecured Floating Rate Notes

Randall & Quilter Investment Holdings Ltd. (AIM:RQIH) (the “Company”), the global program underwriting management and legacy acquisitions specialist, is pleased to announce that application has been made to the Irish Stock Exchange plc, trading as Euronext Dublin (“Euronext Dublin”) for …

Accredited announces new program underwriting partnership
Accredited announces new program underwriting partnership

Randall & Quilter Investment Holdings Ltd. (‘R&Q’) is pleased to announce that its wholly owned subsidiary Accredited Surety and Casualty Company, Inc. (‘Accredited’), the Florida domiciled insurance company that is licensed in all 50 States to write admitted business, has …

Accredited’s growth momentum underpinned by A.M. Best Group rating increase
Accredited’s growth momentum underpinned by A.M. Best Group rating increase

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 …