9 March, 2018
Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce the issuance of adverse development reinsurance covering medical professional liability 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 U.S. domiciled Risk Retention Group (“RRG”) and provides $70m of coverage to protect the RRG from downside risk on their legacy insurance program.
Ken Randall, Chairman and Chief Executive Officer of R&Q, explained “This transaction adds to the continued development of exit solutions to risk retention groups within the U.S. We are excited to expand our capabilities using Accredited Surety & Casualty to assist in solving various issues that arise on legacy liabilities for RRG’s, self-insurers, and corporates within the U.S.”
Accredited Surety & Casualty Inc (Accredited) is a wholly owned subsidiary of the R&Q Group. Forty-five years old and headquartered in Florida, Accredited is an A.M. Best A- (Excellent) rated insurance company that is licensed in all fifty states to write admitted business.
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