shutterstock_249029374_ashtproductions-1
4 January 2021Actuarial & underwriting

Marillac becomes R&Q’s second Cayman captive acquisition of 2020


Randall & Quilter II Holdings, a wholly owned subsidiary of Randall & Quilter Investment Holdings, has completed the acquisition of Marillac Insurance Company, the Cayman captive insurer of Verity Health System of California.

The transaction has received bankruptcy court and all regulatory approvals and was R&Q’s second Cayman captive acquisition of 2020. R&Q paid $2.3 million to acquire 100 percent of the equity in Marillac, in addition to other non-cash consideration.

Marillac, which is now in run-off, had previously provided workers’ compensation, professional and general liability coverage to its parent, affiliates and employees.

Ken Randall, executive chairman at R&Q, said: "This transaction demonstrates the continued demand for full finality solutions to captive insurance owners and R&Q's ability to provide certainty of closure to our counterparties."


More on this story

Executive Appointments
24 August 2022   Resolution at SGM brought by Phoenix in attempt to remove executive chair.
article
1 April 2022   The shareholder will buy the legacy specialist and invest $100 million.
ILS
3 February 2022   Katrina Exon returns to the insurer.

More on this story

Executive Appointments
24 August 2022   Resolution at SGM brought by Phoenix in attempt to remove executive chair.
article
1 April 2022   The shareholder will buy the legacy specialist and invest $100 million.
ILS
3 February 2022   Katrina Exon returns to the insurer.