Randall & Quilter Investment Holdings Ltd. (R&Q) has announced the assignment of insurance liabilities under deductible policies from a U.S manufacturer.
R&Q has stated that the underlying liabilities relate to workers’ compensation policies that were issued by a large U.S carrier to a U.S corporate.
The terms of the deal meant the carrier was able to assign the insurance liabilities under the deductible policies.
This allowed the carrier to provide full finality to the corporate, while at the same time meaning the original carrier remained fully collateralised.
Commenting on the transaction, Ken Randall, Chairman and Chief Executive Officer of R&Q, said: “We are excited to continue to provide unique exit solutions for legacy insurance liabilities to U.S. corporates.
“This transaction further demonstrates the depth of our penetration into providing innovative solutions to North American self-insured risks.”