5 November 2015Actuarial & underwriting

R&Q completes novation from Dublin captive

R&Q Insurance (Malta), a subsidiary of insurance services and investment company Randall & Quilter (R&Q), has completed a novation of liability contracts from a Dublin-based captive.

Ken Randall, chairman and chief executive officer of R&Q, said: "We are delighted to complete this novation. This deal continues toshow our market leading position in providing captive exit solutions using our European consolidator subsidiary in Malta."

In October this year, R&Q-owned segregated account company R&Q Quest (SAC) completed a novation of of liabilities from a Cayman segregated portfolio company.