Randall and Quilter Investment Holdings (R&Q) has issued a loss portfolio transfer reinsurance covering workers’ compensation, product, auto, and general liability risks.
This coverage was written by R&Q’s wholly owned A- admitted carrier, Accredited Surety and Casualty Company, providing an exit for a Bermuda-domiciled captive client from its legacy liabilities. This facilitated the sale of one the captive’s largest business units to a strategic buyer.
Ken Randall, executive chairman of R&Q, said: “This deal demonstrates the value loss portfolio transfers may provide in the context of evaluating and executing strategic acquisitions.”
Randall and Quilter Investment Holdings, Loss portfolio transfer, reinsurance, Insurance, General liability, Product insurance, Motor insurance, Bermuda