R&Q strikes two legacy deals

  • Randall & Quilter: two more legacy deals

    Randall & Quilter: two more legacy deals


Bermudian-based Randall & Quilter Investment Holdings has completed deals allowing a self-insurer and a captive to exit workers’ compensation liabilities.

The first transaction involves an R&Q carrier Accredited Surety and Casualty Company assuming the workers’ compensation liabilities of a Vermont-based self-insurer.

“The transaction provided full finality to the self-insurer and has removed the barrier for the ultimate dissolution of its workers’ compensation trust,” R&Q stated.

This is R&Q’s sixth transaction with a self-insurer in the space of two years.

R&Q also announced the novation of reinsurance policies issued between 2002 and 2009 from a Caymanian-domiciled group captive.

The policies were novated into the R&Q-owned segregated account company, R&Q Bermuda (SAC) Ltd.

The group captive provided workers’ compensation coverage to its members throughout the US.

Ken Randall, chairman and chief executive officer of R&Q, said: “These two transactions demonstrate our ability to once again provide exit solutions to the self-insurance space and reinforces our market leading position in providing captive exit solutions.”

London Stock Exchange-listed R&Q closed unchanged on 171p yesterday. The stock has risen 20.4 per cent over the past 12 months.

You must be registered or signed-in to post comment or to vote.

Published Jan 10, 2019 at 1:41 pm (Updated Jan 10, 2019 at 1:41 pm)

R&Q strikes two legacy deals

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    • "What is the most significant reason for Bermuda residents choosing to leave the island?"
    • Too small
    • 3%
    • Different way of life
    • 4%
    • Cost of living
    • 77%
    • Gang activity and general crime
    • 3%
    • Jobs/professional advancement
    • 8%
    • Education
    • 2%
    • Attitudes towards gays
    • 3%
    • Total Votes: 5235
    • Poll Archive

    Today's Obituaries

    eMoo Posts