24 November, 2016
Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce the novation of liabilities from Maryland Motor Truck Association Workers’ Compensation Self Insurance Group (“MMTA WCSIG”), to its wholly owned ‘A-‘ AM Best rated US admitted insurer, Accredited Surety and Casualty (“Accredited”).
The MMTA WCSIG was formed in August of 1994 as a workers’ compensation self-insurance group for the members of the Maryland Motor Truck Association; and was later discontinued on January 1, 2006. Accredited assumed all liabilities from the group for years 1994-2006, and in doing so has provided full finality for the MMTA WCSIG.
Ken Randall, Chairman and Chief Executive Officer of R&Q, explained “We are delighted to complete this novation, which represents our first transaction with a US based self-insurer. This deal reinforces our team’s innovation in structuring transactions to provide full finality to an increasing variety of entities with legacy insurance liabilities in the US marketplace. The US self-insurer market is very substantial in size and we have several legacy deals of this nature in the pipeline”.
Further to the Company’s announcement on 13 January 2020 (RNS number 5159Z), the Company hereby provides the attached notification, made in accordance with the requirements of the EU Market Abuse Regulation.
The Board of Directors of Randall & Quilter Investment Holdings Ltd., the non-life legacy insurance investor and capacity provider of U.S. and European MGA program business, today announces the resignation of Roger Sellek as Executive Director and Joint Chief Executive …
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