R&Q provides legacy reinsurance to captive

  • Ken Randall, R&Q’s executive chairman

    Ken Randall, R&Q’s executive chairman

Bermudian-based Randall & Quilter Investment Holdings Ltd has announced a reinsurance agreement to assume the legacy liabilities from the Bermudian captive of a US-based airline.

The reinsurance is written by the R&Q owned “A-” rated carrier, Accredited Insurance (Europe) Limited.

The company said the agreement follows a similar deal struck last year with the same counterparty and is now providing economic relief for additional policy years.

Ken Randall, executive chairman and co-founder of R&Q, said: “We are pleased to complete this follow-on transaction and build on our previous knowledge of the book and our client to again deliver an exit solution.

“We are always thrilled when mutual success on a particular deal leads to re-engagement with that counterparty on future transactions.”

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Published Aug 22, 2019 at 11:41 am (Updated Aug 22, 2019 at 11:10 pm)

R&Q provides legacy reinsurance to captive

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