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13 December, 2016
Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce that Accredited Surety and Casualty (“Accredited”), its wholly owned AM Best ‘A-‘ rated US admitted insurer, has written a deductible reimbursement policy to a large US manufacturer covering all of its outstanding and future claims arising from the deductibles on workers’ compensation legacy policies written between 1996 and 2015. The estimated undiscounted liabilities assumed are c. $14.1m.
Ken Randall, Chairman and Chief Executive Officer of R&Q, said “We are delighted to write this deductible reimbursement policy to a well-known US manufacturer, looking to find an exit solution for its balance sheet legacy workers’ compensation liabilities. This transaction is further proof of our continuing success and product expansion in the US legacy market.”
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