R&Q completes novation from a Cayman captive

24 December, 2015

Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce the novation of liabilities for policy years 2000 – 2003 from Golden Rule, Ltd., a Cayman domiciled entity, to the R&Q owned segregated account company R&Q Quest (SAC) Limited.

Golden Rule is domiciled in the Cayman Islands. The captive provided Workers’ Compensation, General Liability, Auto Liability and Auto Physical Damage coverage to its members through reinsurance beginning on January 1, 2000. These policies were fronted by Travelers Indemnity Company.

Ken Randall, Chairman and Chief Executive Officer of R&Q, explained “We are pleased to complete this novation. It is another transaction that demonstrates our market leading position in providing captive exit solutions and we are pleased to have executed another deal in Cayman, one of the world’s premier captive domiciles”.

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