• Strategy
  • Innovation
  • Expertise

R&Q completes novation from the Coca-Cola Bottlers’ Association

28 December, 2016

Randall & Quilter Investment Holdings Ltd.(“R&Q”) is pleased to announce the novation of the Workers’ Compensation, General Liability, Auto Liability and Auto Property Damages reinsurance policies issued between 2002 and 2016 by Georgia Atlantic Insurance, Ltd. (“GAIL’), a wholly owned, Bermuda based captive of the Coca-Cola Bottlers’ Association, Inc (“CCBA”). GAIL’s estimated undiscounted reserves for these policies, adjusted for recently paid claims is circa $21.5m.

The policies were novated to an R&Q owned cell in its Bermuda based segregated account company, R&Q Quest Insurance (SAC) Limited.

Ken Randall, Chairman and Chief Executive Officer of R&Q, explained “We are delighted to complete this good sized novation with the Coca Cola Bottlers’ Association and to offer them a clean break from their legacy insurance liabilities. This transaction continues to demonstrate our market leading position in captive legacy solutions across North America and Europe and is further proof of our rapidly growing success in the North American run-off market generally. We are  pleased to be able to assist CCBA in the restructuring of this program.”

Click here for the full Press Release

R&Q completes novation from the Coca-Cola Bottlers’ Association

Latest News

Appointment of Broker
Appointment of Broker

Randall & Quilter Investment Holdings Ltd. (“Randall & Quilter”) today announces the appointment of Barclays Bank PLC (“Barclays”) as its joint corporate broker with immediate effect. Barclays will work alongside Randall & Quilter’s existing corporate broker and nominated adviser, Numis …

Director/PDMR Shareholding
Director/PDMR Shareholding

The Company has been notified that on 6 January 2021 Alan Quilter, the Chief Executive Officer of the Company, sold his interest in 400,000 ordinary shares in the Company. Mr Quilter continues to hold 2,078,091 ordinary shares which represents 0.93% …

Regulatory Approval of UK Legacy Acquisitions
Regulatory Approval of UK Legacy Acquisitions

Further to its announcements on 19 August 2020 and 21 August 2020, Randall & Quilter Investment Holdings Ltd. (“R&Q”), is pleased to announce that its wholly owned UK subsidiary, Randall & Quilter II Holdings Limited, has received regulatory approval and …