• Strategy
  • Innovation
  • Expertise

R&Q completes novation from an Arizona Captive

6 January, 2017

Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce the novation of liabilities for policy years 2001-2011 from PacWest Captive Insurance Company, Inc. (“PacWest”), an Arizona domiciled entity, to the R&Q owned segregated account company in Bermuda, R&Q Quest (SAC) Limited.

PacWest was formed in 2001 by Leavitt Group Enterprises to provide workers compensation coverage written by Leavitt-owned agencies. These policies were fronted by The Hartford and have been in runoff since June 30, 2011. Reserves for the policy years being novated are estimated to be c.$4.4m as at August 31, 2016.

Ken Randall, Chairman and Chief Executive Officer of R&Q, explained “We are pleased to complete this novation with PacWest, which further demonstrates our market leading position in providing captive exit solutions. This novation caps off a fantastic year of legacy transactions for R&Q, with prospects for 2017 looking even brighter”.

Click here for the full Press Release

R&Q completes novation from an Arizona Captive

Latest News

Appointment of Chief Financial Officer
Appointment of Chief Financial Officer

The Board of Directors of Randall & Quilter Investment Holdings Ltd., the non-life global specialty insurance company focusing on the Program Management and Legacy Insurance businesses, today announces the appointment of Thomas (Tom) Solomon as Group Chief Financial Officer (CFO). …

Board Appointment
Board Appointment

Randall & Quilter Investment Holdings Ltd., the non-life legacy insurance investor and capacity provider of US and European MGA program business, is pleased to announce the appointment of Eamonn Flanagan to the Board as an independent non-executive director of the …

Notice of General Meeting and Posting of Circular
Notice of General Meeting and Posting of Circular

On 29 April 2020, R&Q, the Bermuda based global program underwriting management and legacy acquisitions specialist, announced US$100 million of new equity investment into the Group. Further to that previous announcement, the Company is pleased to confirm that a circular …