R&Q completes Loss Portfolio Transfer with Fortune 500 Insurance Group

19 June, 2017
News

Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce it has written a Loss Portfolio Transfer reinsurance contract to assume a Bonds portfolio issued by a Fortune 500 Insurance Group.  The estimated undiscounted liabilities assumed are c. $46.5m.  R&Q worked in conjunction with Guy Carpenter to successfully complete this transaction.

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

“We are delighted to complete this LPT of surety business, a special focus of Accredited Surety & Casualty, our A- rated US admitted carrier.  This transaction demonstrates our ongoing commitment to expand our legacy liability solutions to counterparties within the North American market.”

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