• Strategy
  • Innovation
  • Expertise

Loss Portfolio Transfer with Repwest Insurance Company

24 April, 2020

Randall & Quilter Investment Holdings Ltd. (‘R&Q’ or ‘the Group’) is pleased to announce that it has entered into a Loss Portfolio Transfer Reinsurance Contract and a Transfer Agreement with Repwest Insurance Company (“Repwest”). Repwest is based in Phoenix Arizona and is a wholly owned subsidiary company of AMERCO. AMERCO is also the parent company of U-Haul, North America’s largest “do-it-yourself” moving and self-storage operator.

This transaction assists Repwest towards its target of reaching economic finality of its Assumed Re run-off business, which it underwrote from 1978 through 2003. Aon served as the reinsurance broker for this transaction.

Paul Corver, R&Q Group Head of M&A, commented: “We are delighted to have completed this Loss Portfolio Transfer with the mutual intention to undertake an Insurance Business Transfer in Oklahoma, subject to appropriate approvals. This once again proves our capabilities to utilize our international team to provide full finality legacy solutions across the US and Europe. Our legacy pipeline across the Group remains strong despite the current turmoil from COVID-19 and we look forward to closing more transactions in the coming months.”

Click here for the full press release

Loss Portfolio Transfer with Repwest Insurance Company

Latest News

Adjournment of Special General Meeting
Adjournment of Special General Meeting

Randall & Quilter Investment Holdings Ltd. (AIM:RQIH) (the “Company”, and together with its subsidiary undertakings “R&Q”), announces that the Special General Meeting (“SGM”) that was held earlier today, 20 May 2022, at 2.00 p.m. has been adjourned for a short …

Publication and posting of Circular
Publication and posting of Circular

On 1 April 2022, Brickell and R&Q announced that they had agreed the terms of a recommended cash acquisition of the entire issued ordinary share capital of R&Q by Brickell (the “Acquisition”) as well as $100 million of new equity …

Recommended Acquisition of Randall & Quilter Investment Holdings Ltd by Brickell PC Insurance Holdings LLC
Recommended Acquisition of Randall & Quilter Investment Holdings Ltd by Brickell PC Insurance Holdings LLC

RECOMMENDED ACQUISITION of Randall & Quilter Investment Holdings Ltd by Brickell PC Insurance Holdings LLC and commitment to provide $100 million of new equity funding Summary Brickell PC Insurance Holdings LLC (“Brickell”) and Randall & Quilter Investment Holdings Ltd (“R&Q”) are pleased …