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.”

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