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22 August, 2019
Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce the issuance of a reinsurance agreement to assume the legacy liabilities from the Bermudian captive of a US based airline. The reinsurance is written by the R&Q owned A- rated carrier, Accredited Insurance (Europe) Limited. This agreement follows a similar deal struck last year with the same counterparty and is now providing economic relief for additional policy years.
Ken Randall, Executive Chairman of R&Q, explained “We are pleased to complete this follow-on transaction and build on our previous knowledge of the book and our client to again deliver an exit solution. We are always thrilled when mutual success on a particular deal leads to re-engagement with that counterparty on future transactions.”
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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.
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