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R&Q completes novation from a Cayman group captive

20 September, 2017

Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce the novation of reinsurance policies issued between 2006 and 2011 from a Cayman domiciled group captive. The policies were novated into the R&Q owned segregated account company, R&Q Quest (SAC) Limited.

The group captive provided Workers’ Compensation, General Liability, Auto Liability and Products Liability coverage to its members through reinsurance beginning on July 1, 2006.  The outstanding liabilities are estimated to be circa $20m.

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

“We are pleased to complete this sizable novation, which continues to demonstrate our market leading position in providing captive exit solutions. This novation is also testament to our increasing transaction size in both the captive and loss portfolio transfer space”.

Click here for the full Press Release

R&Q completes novation from a Cayman group captive

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