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R&Q to manage run-off of Irish lawyers’ fund

Randall & Quilter Investment Holdings Ltd has entered into an arrangement with the Law Society of Ireland in respect of the run-off obligations of the Solicitors Mutual Defence Fund (SMDF).

SMDF was established in 1987 as a mutual fund to provide professional indemnity protection for solicitors practising in Ireland. The fund ceased trading in 2011 following a series of heavy losses relating to the economic downturn in Ireland.

Bermudian-based R&Q is a specialist run-off company that acquires and manages portfolios to their natural extinction.

Ken Randall, chairman and chief executive officer of R&Q, said: “We are pleased to announce the arrangement with the Law Society of Ireland further demonstrating R&Q's ability to offer finality solutions in a range of different situations”.

Irish deal: Randall & Quilter

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Published November 07, 2016 at 12:41 pm (Updated November 07, 2016 at 12:41 pm)

R&Q to manage run-off of Irish lawyers’ fund

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