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Run-Off Agreement

7 November, 2016

Randall & Quilter Investment Holdings Ltd is pleased to announce that it has entered into an arrangement with the Law Society of Ireland in respect of the run-off obligations of the Solicitors Mutual Defence Fund (SMDF).

SMDF was established in 1987 as a mutual fund to provide professional indemnity protection for solicitors practicing in Ireland. The fund ceased trading in 2011 following a series of heavy losses relating to the economic downturn in Ireland.

R&Q is a specialist run-off company that acquires and manages portfolios to their natural extinction.

Commenting on today’s announcement, Ken Randall, Chairman and Chief Executive Officer of Randall & Quilter Investment Holdings Ltd. (“R&Q”), said: “We are pleased to announce the arrangement with the Law Society of Ireland further demonstrating R&Q’s ability to offer finality solutions in a range of different situations”.

Click here for the full Press Release

Run-Off Agreement

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