Randall & Quilter Investment Holdings (R&Q) has announced the acquisition of auto liabilities from a Connecticut domiciled risk retention group (RRG) to R&Q’s wholly owned A- admitted carrier, Accredited Surety and Casualty Company.
Ken Randall, Chairman and Chief Executive Officer of R&Q, said; “we are very pleased to announce our first assumption with a risk retention group was completed prior to year-end.
“This transaction is evidence of our unique ability to provide finality solutions to U.S. self-insurers through the use of Accredited and is an area which we are looking to expand in 2018.”
The Connecticut risk retention group, with estimated reserves of circa $1.6 million, wrote auto liability policies in California during 2015, R&Q said the transaction provides finality to the RRG for its auto liabilities assumed.
