Randall & Quilter reveals two legacy deals
Randall & Quilter Investment Holdings (R&Q) has revealed its first transaction with a self-insurer in California, and a captive reinsurance transaction for a large US corporate airline.
The first transaction provides full finality to a California based self-insurer by the R&Q owned carrier, Accredited Surety and Casualty.
Additionally, the company has assumed the legacy liabilities of the Bermuda domiciled captive of a US corporate airline by the R&Q owned carrier, R&Q Insurance Malta.
Commenting on the announcement, Ken Randall, chairman and chief executive officer of R&Q, said: “We are delighted to complete this assumption in the State of California, which represents another successful transaction with self-insurers in the United States. This deal reinforces our team’s innovation in structuring transactions to provide full finality for legacy liabilities and working cohesively with the respective insurance regulators to provide these solutions.”
He added: “We are delighted to complete another transaction with another large US corporate. This deal highlights our continued efforts to service the US corporate market and become a trusted counterparty for reinsurance transactions of this type.”
Make sure you are GDPR compliant and confirm your email address to keep getting our daily emails
More of today's news
London market to play crucial role in insuring 2018 World Cup
Markel gains Lloyd’s India reinsurance licence
Argo appoints new head of ceded reinsurance from Ariel Re
Tokio Marine snaps up UK agency Qdos Contractor
Cities faced with $320bn cost each year from man-made risks
JLT poaches aerospace specialist from Willis Towers Watson
US sees quiet start to 2018 tornado season: Aon
