8 August, 2019
R&Q is pleased to announce the issuance of a loss portfolio transfer reinsurance covering workers’ compensation, product, auto, and general liability risks. This coverage was written by R&Q’s wholly owned A- admitted carrier, Accredited Surety and Casualty Company, Inc. for the benefit of a Bermuda domiciled captive. The reinsurance was part of a larger transaction involving the sale of one of the parent company’s business units to a strategic buyer.
Ken Randall, Executive Chairman of R&Q, explained “We are thrilled to have been able to provide an exit solution to our client’s legacy liabilities and facilitate the sale of one its largest business units. This deal demonstrates the value loss portfolio transfers may provide in the context of evaluating and executing strategic acquisitions. We are pleased that R&Q continues to be a market of choice for such 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.
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 …
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 appointment of William Spiegel as Executive Director and Deputy Group Chairman, …